PayPal signs up "tens of thousands" in Nigeria in first week: Malvina Goldfeld, Head, Business Development for Sub Saharan Africa, Paypal

Malvina Goldfeld, Head, Business Development, Sub-Saharan Africa, PayPal

PayPal has signed up "tens of thousand" of Nigerians in its first week of operating in Africa’s biggest economy, with consumers already purchasing items from Britain, China and the United States via its online platform, a company official said.

E-commerce remains in its infancy in most of Africa but is growing exponentially with the advent of online retailers such as Jumia, partly owned by South African phone operator MTN, and a growing middle class with money to spend.

Read more: PayPal signs up “tens of thousands” in Nigeria – ITWeb Africa.