PayPal is entering Nigeria this week, providing online payment alternatives for consumers via mobile phones or PCs.
Nigeria had been shut out of the payment system due to reports it is a market fraught with financial fraud. However, starting on Tuesday, consumers in Nigeria, which has 60 million users and has Africa's largest population, will be able to make payments through PayPal.
Rupert Keeley, the executive in charge of the EMEA region of PayPal, the payments unit of eBay Inc, made this announcement today.
"PayPal has been going through a period of reinvention, refreshing many of its services to make them easier to use on mobile (phones), allowing us to expand into fast-developing markets."
