Accessibility, convenience, security, trust
and cost effectiveness are key defining
features of the partnership between First
Bank of Nigeria Limited (FirstBank) and
Pay Pal. This partnership was announced
by the two organisations yesterday at the
launch which birthed their exclusive
relationship.
FirstBank, Nigeria’s best banking brand,
has become the only financial partner of
PayPal in Nigeria. The partnership will
enable FirstBank card holders and
businesses enjoy increased transaction
limits, receive instant verifications, make
online payments and transfer funds
across the world in 193 countries and
regions globally. This synergy between
FirstBank and PayPal gives the bank an
edge over other institutions in Nigeria
which have access to the PayPal platform.
FirstBank Internet-banking customers can
now open a PayPal account from their
FirstOnline account and use their
FirstBank debit or credit card to shop and
pay online on millions of websites around
the world from their PCs or smartphones,
without having to share their card details
with the seller and with the added
reassurance of PayPal Buyer Protection.
According to FirstBank spokesperson,
Folake Ani-Mumuney “The acceptance of
FirstBank Cards on PayPal platform is a
significant boost to our continuous
initiatives to drive innovation in banking
services and as part of our promise to
always put customers at the heart of our
business. The partnership will provide
convenience for our customers planning
their summer shopping or carrying out
money transfers across our various
alternative channels. FirstBank cards are
accepted in over 200 countries and on
millions of POS terminals and ATMs
around the world. This implies that
FirstBank Cardholders are never stranded
in any part of the world where they decide
to shop or do business,” she added.
“We are delighted to be able to bring
PayPal to all our custormers in Nigeria in a
partnership that is consistent with our
drive to support the push towards a
cashless society in Nigeria and lead
innovation in development of secure
online payment systems. For all FirstBank
customers opening a Paypal account using
our FirstOnline platform is faster, easier
and will only take a few minutes, as the
customer has already been verified by
FirstBank.’ Folake stated
Commenting on the partnership, Efi
Dahan, PayPal’s Regional Director for
Africa and Israel, said; “Millions of
Nigerians already shop on Websites in the
US, UK or China, but many find their card
is rejected or have concerns about
entering their credit card details on the
Website of a seller based overseas. PayPal
is used by hundreds of millions of people
around the world to make international
payments because PayPal payments are
trusted by international retailers and we
don’t share your financial details with
anyone.
“This exclusive partnership with FirstBank
is a major milestone in PayPal’s Africa
growth story and we hope to make more
announcements together in future as our
partnership develops.”
Once registered with PayPal, Nigerians
have the option to pay for a variety of
products and services online, thereby
joining over 200 markets around the
world who already use PayPal. PayPal can
be used to pay for digital subscriptions,
games, music or video services and for
travel. To pay with PayPal, account holders
provide sellers with their email address
and either a password or mobile PIN.
PayPal then authorizes the payment based
on available funds and eligible purchases
are covered by PayPal Buyer Protection. www.cp-africa.com/2014/07/22/first-bank-launches-exclusive-paypal-partner-nigeria/

Ok. Noted.

More like a smart marketing campaign to leverage on Paypal's entry into the Nigerian Market. Other Banks cards no dey work in the same way?

But it's all good. I assumed they had partnered with Paypal to enable withdrawals but. . .same old, same old.

They should have enabled withdrawals afterall the same Paypal partnered with Kenyan's Equity bank and Kenyans are withdrawing through it! Abeg First bank should not serve Nigerians half-done food!

Can i register with my verve card

this partnership is not yet complete without withdrawal.paypal accept most master and visa card regardless whether it is firstbank card or not.so any other bank cards can be used to verify paypal but if they accept withdrawal,then firstbank has hit a big deal

Goldenboy842: Can i register with my verve card

No you can't, you can use visa or mastercard to register.