PayPal News

Flutterwave raises over $10 million in series A financing

Flutterwave, an online payments company founded by Nigerian 26-year old, raises over $10 million in series A financing (Infographic)

Flutterwave, which provides modern payments infrastructure for banks and businesses to make and accept payments across Africa, announced on Monday that it has raised over $10 million in a Series A round of funding.

Africa's banker of tomorrow

Armed with fintech and fueled by data: Africa's banker of tomorrow

Markets in Shanghai closed up today on news that the Chinese bullet train manufacturer Fujian Corp won the contract to connect Casablanca to Abidjan.

What Africa's banking sector needs to do to survive

What Africa's banking sector needs to do to survive: Ndubuisi Ekekwe, Founder, African Institution of Technology

Across Africa, banking is being redesigned. Technology has emerged as a competitive weapon in driving operational excellence and superior service quality.

Tayo Oviosu, CEO, Paga

Nigerian mobile payments company Paga attracts foreign backers

When Tayo Oviosu quit his job in the US technology sector to return to Nigeria in 2008, he was a man in search of an idea.

Jumia workers examine products for delivery in Lagos, Nigeria. AFP Photo/Pius Utomi Ekpei

Nigeria's developing e-pay economy

Nigeria has historically set the example for other African nations in terms of mobile adoption, internet infrastructure proliferation, and e-commerce.

Nigeria money transfer company Paga raises $13M in series B financing

Nigeria money transfer company Paga raises $13M in series B financing

Paga, Nigeria’s leading mobile payment company, announced this week the completion of a $13 million Series B financing led by Adlevo Capital.

MallForAfrica

With a billion Africans set to shop online, a new wave of start-ups is looking to cash in (Infographics)

Africa’s middle class is rising and they have money to spend. About a third of the continent spends between $4 to $20 a day—a group that is expected to grow to 42% by 2060, according to data from the Africa Development Bank. That’s more than a billion people.

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

Fact of the Day: Nigeria is PayPal's second largest market in Africa, says Malvina Goldfeld, Head, Business Development, Sub-Saharan Africa, PayPal

Nigeria is PayPal’s second largest market in Africa, says Malvina Goldfeld, PayPal’s Head of Business Development in Sub-Saharan Africa.

VoguePay

VoguePay's African ambitions

With offices in Lagos and London, VoguePay is looking to build a payment processing bridge connecting Africa’s one billion people to the global market.

PayGate

PayPal strengthens South African presence with PayGate partnership

PayPal recently announced the partnership with South Africa’s PayGate to further help strengthen its presence on the continent.

Charles Ifedi, CEO, Verve International

Q&A with Charles Ifedi, CEO, Verve International

Verve is currently the most widely used payment card in Nigeria, with 18 million of the country’s 25 million payment cards Verve branded; while 19 out of the 21 Nigerian banks issue Verve cards, in addition to microfinance banks (MFBs) and mobile money operators.

PayPal's partnership with FNB has created 1 million customers in South Africa

PayPal's partnership with FNB has created 1 million accounts in South Africa

PayPal said it has opened over 1 million accounts in South Africa since its launch with First National Bank (FNB) in 2010.

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

Taking Nigerians cashless: Q&A with PayPal's Head of Business Development in Sub-Saharan Africa, Malvina Goldfeld

Nigeria’s 170-million plus population has an estimated 60-million internet users, making it the largest potential market for PayPal of all the countries it has entered in recent months.

Stephen Olabisi Onasanya, managing director of First Bank of Nigeria, and Efi Dahan, PayPal's regional director of Israel and Africa shake hands at the announcement of a partnership between First Bank and PayPal.

First Bank confirmed as PayPal's official partner in Nigeria

Nigeria’s oldest commercial bank, First Bank Nigeria, has been announced the official partner of PayPal in Nigeria.

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

PayPal signs up "tens of thousands" in Nigeria in first week: Malvina Goldfeld, Head, Business Development for 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.

Jumia Nigeria, Tapping into Diaspora Dollars

Internet retailer, Jumia Nigeria, tapping into diaspora dollars

Money sent home by Nigeria’s emigrant workers traditionally covers basic expenses like housing, education and medicine.

A PayPal sign is seen at an office building in San Jose, California May 28, 2014.

PayPal expands payment services to Nigeria and 9 other markets

PayPal is entering 10 new countries this week, including Nigeria, providing online payment alternatives for consumers via mobile phones or PCs in markets often blighted by financial fraud.