FirstBank of Nigeria Ltd and PayPal have
launched an exclusive strategic partnership to make it easier for
FirstBank customers to pay and get paid globally; in a manner that is
seamless, secure and convenient.
The partnership is in a bid to solve the
challenges Nigerians often experience with paying for goods and
services online, while contributing to FirstBank’s push towards a
cashless society in Nigeria, coupled with leading innovation in the
development of secure online payment systems.
According to Bisi Onasanya, Group Managing Director/Chief Executive Officer – “Over
the years, payment cards issued by banks in emerging economies have had
the challenge of acceptance for e-commerce transactions, especially by
international merchants and online content providers.
Bisi Onasanya (Group Managing Director/Chief Executive Officer)
In recent times particularly, the payment needs of Nigerians have continued to evolve with more people desiring to purchase goods and services online and from far flung markets across the globe.
This need increasingly underscores the imperatives for an internationally and easily acceptable e-commerce payment platform. This partnership is, therefore, opportuned at this time of accelerating e-commerce evolution in Nigeria. It is equally noteworthy, as it syncs with FirstBank’s enhanced service solutions for its SME, e-business, mobile banking and Online banking customers“.
Efi Dahal (PayPal Regional Director, Sub-Saharan Africa & Israel)
Chuma Ezirim (Head, E-Business, FirstBank) commenting on the partnership agreement
Bisi Onasanya & Efi Dahal (PayPal Regional Director, Sub-Saharan Africa & Israel) signing the partnership agreement
Malvina Goldfield, Bisi Onasanya (FirstBank’s GMD/CEO) & Efi Dahal
Speaking on the significance of the PayPal Partnership, Bisi Onasanya added; “In
the rapidly globalising world, an e-commerce payment solution requires
the energising competitive environment presented by a rapidly growing
company like PayPal, with quite impressive growth statistics, enabling
its customers to send, receive, and hold funds in 25 currencies. There
is no doubt that this partnership will be an instant hit.”
L-R:
Shade Omoniyi (Group Head, Public Sector South), Olayiwola Yahaya
(Company Secretary) & Cecilia Majekodunmi (Group Executive,
Commercial Banking, FirstBank)
Olayiwola Yahaya (Company Secretary, FirstBank) & Tunde Owolabi (Group Head, Retail, FirstBank, Lagos Island)
Folake
Ani-Mumuney (Head, Marketing and Corporate Communications, FirstBank)
& Victoria Onwubiko (Head, Brand Management, FirstBank)
Bisi Onasanya, Akin Fanimokun (Group Executive, Technology and Services, FirstBank), Efi Dahal & Malvina Goldfield
First Bank of Nigeria and PayPal could
not have picked a better time for this partnership as this comes in the
year FirstBank celebrates her 120th anniversary. 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 merchants
and the reassurance of a PayPal Buyer Protection.
L-R: Bisi Onasanya, Efi Dahal & Valentine Ojuma (Managing Director, FBN Insurance Limited)
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