First Bank Partners PayPal to Expand E-Commerce Access in Nigeria | Welcome to Linda Ikeji's Blog

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Wednesday, 23 July 2014

First Bank Partners PayPal to Expand E-Commerce Access in Nigeria

Once upon a time it was virtually impossible to buy goods online or pay for any service on the web if you were in Nigeria.

As Nigerians woke up to the development of e-commerce, various payment options began to emerge to make things easier but we still didn’t have one payment method for Nigerians accepted everywhere





Now we finally have an online payment solution accepted all over the world, courtesy of a new strategic partnership between First Bank of Nigeria and PayPal.

This partnership which is a milestone in PayPal’s Africa growth story, has the sole purpose of putting stakeholders at the heart of their business as FirstBank customers can now pay and get paid globally; in a manner that is seamless, secure and convenient

This is BIG! PayPal has over 148 million accounts in 26 currencies spread over 203 markets around the world; while FirstBank is a leading Nigerian commercial bank with over 750 branches across Nigeria with cards accepted in over 200 countries and on millions of POS terminals and ATMs around the world. 

The arrival of PayPal in Nigeria allows PayPal connect Nigerians to merchants from Asia, North America, Europe and beyond. So finally we can do online transactions on almost every site (since PayPal is a popular global online payment platform anyway), however PayPal accounts have a transaction limit of about $250 until the account is verified. This is where FirstBank comes in!




The FirstBank Advantage
Creating a PayPal account through FirstBank means the account will be immediately verified, giving customers more freedom to transact. This partnership is exclusive to FirstBank and therefore has an edge over other institutions in Nigeria which have access to the PayPal platform

Getting a PayPal account via FirstBank is simple. Simply open a FIrstBank account and register for the online banking platform, FirstOnline. Once you log into FirstOnline, you can create a PayPal account from there and select what cards you wish to link to your PayPal account.

In the end, this means FirstBank customers can shop and pay on millions of websites around the world from their PCs and smartphones in a fast and easy way without having to reveal their card detailswith the added reassurance of PayPal Buyer Protection.

71 comments:

Valentine N Egbuna said...

Keep de flag flying high. I'm out. ***CATCH ME IF U CAN***

Anonymous said...

Ok ...nkemdirimeverista111@gmail.com

Anonymous said...

Let it be at customers interest. I will be cool if people start calling me 'LIB Princess' pretex4luv@yahoo.com

Anonymous said...

At last, bravo to Nigeria. Nigerians can now do business online. Nigeria i am coming back to fatherland soon. @amfestus

Dan Skila said...

A good one from first bank

danskila1@gmail.com

Anonymous said...

Good one there for their customers.
Cooldavoe@yahoo.com

CHERRY said...

Nice one.

@edDREAMZ said...

a.k.a EDWIN CHINEDU AZUBUKO said...
.
Dope initiative first bank.....
.
.
***CURRENTLY IN JUPITER***

Anonymous said...

Nice One FirstBank, this is one of the biggest partnership in financial world in all over africa ... keep it up #FirstBankPayPal

Nzube Mekah said...

Nice

Nzube Mekah said...

nice

Anonymous said...

Well done firstbank....

Anonymous said...

Shopping made easy at last.. Well done First bank.

Anonymous said...

cool..patoswife@gmail.com

Amarachukwu. said...

Truly the first.

Anonymous said...

Welldone. (Linda's Man)

hawa abdulkareem said...

Thumbz up first bank...truely the first

Nero ogefere said...

Good one. Great development for online biz

Anonymous said...

Please, before we all scream "Thank you to PayPal and FirstBank. We should all be aware that there's nothing special with all this paparazzi. Paypal stands to gain more in this partnership because they know Nigerians shop a lot online. VISA and MASTERCARD are making it seriously in Nigeria hence Paypal's coming to Nigeria to get a share of Nigeria's e-commerce. If they are really serious about their new service in Nigeria, then they should also enable Nigerians to accept Paypal funds too so as to create a balance. Till then there's nothing exciting for me to celebrate. Meanwhile, you can verify your PayPal with ANY NIGERIAN BANK with your VISA or MASTERCARD.

hilary obiorah said...

Wow

Anonymous said...

#FirstBankPayPal its time i open my own first bank account

Anonymous said...

Keep it up FirstBank. Truly the First!

Anonymous said...

Thank God..I can shop all i want from a safer platform. I trust FirstBank!

Osby Isibor said...

Great relieve for Nigerians especially internet marketers who before now cannot sign up for PayPal account.I had this bad experience, at least now i can open an account with First Bank. Thanks Linda for you post, always current. Keep doing it, lots of inspiration for us

Chop Chop said...

What a big boost to our image and the economy as a whole.

DoroMega said...

It would only make sense when Nigerians can receive money.


Have You Visited DoroMega.com Today

Dieko said...

This is why I love FirstBank...Very innovative bank...FirstBankPayPal

Fisayo Fisher said...

I'm getting my PayPal account from FirstBank's platform ASAP!

Lolami Salmon said...

Bravo FirstBank! my bank is Truly the first!

Femi A. said...

The truth is that all Banks in Nigeria are verified with PayPal. The difference with the First Bank own is that you can do the registration from their Internet banking platform. The real deal is being able to receive funds into your PayPal account which is not available to any Nigerian bank; Including First Bank!

Atinuke Aderogba said...

nice post...
check out my blog
www.t2sleeky.blogspot.com
and please comment

Anonymous said...

Wow! First Bank making waves...proudly first innovative bank.

Attah Andrew Attah said...

Thumbs up jor.

Nnamdi Iheme said...

Thanks Linda for this great info. For all those who comment blindly. Did you read the part that says " This partnership which is a milestone in PayPal’s Africa growth story, has the sole purpose of putting stakeholders at the heart of their business as FirstBank customers can now pay and get paid globally; in a manner that is seamless, secure and convenient
" ?

Ddcoco said...

FirstBank always puts YouFirst. That's why you should go through their platform to have your PayPal account. The whole verification process is a lot easier than other banks.

Anonymous said...

This is really a good initiative from FirstBank. Firstbank Na u biko!!!

Anonymous said...

Nice one for FirstBank o. My brother linked his PayPal to another bank and could only spend $250. When he tried to make other buys with his PayPal they told him he had exceeded his spending limit. I have spent more than $250 already, apparently, my account linked to FirstBank gives me unlimited funds to spend.

Anonymous said...

Those who have issues with account, you should just go to their facebook page and voila. My issues got resolved in minutes. or follow them on twitter and they will follow back so you can DM them, Firstbank really trying, think we should not cut down a good thing. Well done Firstbank - From a New Customer!

Anonymous said...

Nice one jare @firstbank i heard that it is unlimited shopping access
... thumbs up jare

Anonymous said...

whoa this is great @firstbank your head is there jare ...

Anonymous said...

i trust you guys jare ... you are truly the first @ Fristbank ... nice partnership oooo

Anonymous said...

I have followed FirstBank's claim closely with this PayPal thing and their claim is true. While you can link cards from most banks to a PayPal account, the verification issue is seamless with FirstBank unlike other banks where verification can be a long story.

Anonymous said...

now yahoo boys can smile.... lolz this is cool @firstbank at least your stll the first bank

Anonymous said...

weldone FirstBank....truly the FIRST!!!!

Anonymous said...

weldone FirstBank....truly the FIRST!!!!

Anonymous said...

Thank you FirstBank for the innovation. You are truly the first

Anonymous said...

this is great welldone now we can shop online to any lent courtesy #FirstbankPayPay .... nice one jare

Anonymous said...

THANKSSS FIRSTBANK....

Debola said...

Now that there is a form of responsibility by a bank for me to shop online, i can now begin to do so. What is special here is that i can sign up from the comfort of my wherever and also have unlimited funds. Quite a feat ...well done to them

Anonymous said...

This is one of the biggest partnership in the financial world. Ride on #FirstBankPayPal

Barnabas Adedoyin said...

Yea, after many years of embargo, this is a strategic and a winning move for PayPal and online 9ja merchants and the part I really love is to see our bank-FirstBank Nigeria to make verifying the most popular payment gateway simple. 3 Gbosa for Firstbank!!!

Barnabas Adedoyin said...

This is simply foresight!

Lola said...

Me, I like awufff......I won't lie. I will open my PayPal account via FirstBank so that when Paypal decides to do giveways and reward loyal customers, I can grab my own. Lol!

Anonymous said...

Creating a PayPal account through FirstBank means the account will be immediately verified, giving customers more freedom to transact. #FirstBankPaypal

Anonymous said...

Getting a PayPal account via FirstBank is Now simple. I love My Bank....Ride on FirstBank

Kudus said...

I have been skeptical about shopping online, even when i do , i pay on delivery. Paying on delivery no bad o but with this FirstBank PayPal thing I think I'll change my mind about shopping online.

Olubunmi said...

Did I hear unlimited cash transaction to the $250? #FirstBankPayPal OOOOOOOSHEEEEEEE!!!

King Didi said...

all of una wey talk sey dis PayPal deal same tin wit oda banks, una no sabi sey wit oda banks u no fit spend pass $250 but wit FirstBank ur funds dey unlimited... make una no dull o #FirstBankPayPal

kaylord said...

oh boi eh.. this firstbank ish is the main thing abeg... I just got myself a PS$ as my birthday gift using firstbank paypal.... Shopping continua

Anonymous said...

This is a historic landmark of laudable commendation from an authentic bank of huge repute. I am impressed FirstBank, keep the flag flying.

Anonymous said...

We now finally have an online payment solution recognized worldwide...thanks to #FirstBankPayPAl

Temijuope said...

Having your PayPal Account from FirstBank has a lot advantages over other banks because
1. From FirstOnline platform your PayPal account is automatically verified but for other banks, you have to open a PayPal account on the PayPal platform.
2. First bank offers you unlimited funds but other banks have a limit of $250
3. It is highly secured (for us eBay addicts)

Anonymous said...

A good strategic move by FirstBank! Thanks a million!

Bode said...

If you are looking for a seamless way to open a PayPal account without hassles, FirstBank is the way to go o. I opened a PayPal account straight from FirstOnline in 5 minutes. Well done FirstBank

Anonymous said...

Please why in the world is this story written to make it appear that Paypal is now available in Nigeria as a result of the partnership with FirstBank?

Dieko said...

The fact that I don't have to go through a rigorous verification process and I can spend as much funds as I want to, is enough reason for me to get my PayPal account from FirstBank's platform.

Sucre said...

while other banks get a $250 limit for spending/shopping, FirstBank
offers you unlimited funds *taking the nearest keke to a firstbank to open an account ASAP*

Anonymous said...

DOROpaypal

Presegs Adesida said...

Can Nigerians now receive funds/payments with the PayPal account created via First Bank Online Banking platform?

That is what I'm highly interested in because the issue of paying/buying online with PayPal either with Nigeria PayPal or other top countries PayPal account is not a big deal.

Anonymous said...

For now, this is just hope, reality will come when I can sell my electronic product and get paid into my paypal account, only buying from others makes just a consumer...

Anonymous said...

Very very well said!

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