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PayPal launches in Nigeria via Paga partnership, enabling local payments

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PayPal launches in Nigeria through Paga, letting users receive international payments and spend funds in naira for the first time in over 20 years

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Nigeria has taken a major step in cross-border digital payments as PayPal officially launched in the country through a strategic partnership with local fintech company Paga, enabling Nigerians to receive international payments and access funds in naira for the first time in more than two decades.

Also read: Nigerians are not having it: PayPal’s quiet comeback bid meets fierce resistance

The integration allows users to link PayPal accounts directly to Paga digital wallets, enabling global payments from PayPal-supported markets and local withdrawals in naira.

Funds can also be used for everyday needs, including bill payments, bank transfers, online purchases, and transactions via Paga’s Visa card.

The development offers a significant boost to freelancers, online entrepreneurs, and small businesses that have previously faced challenges in accessing PayPal services directly.

It also opens new opportunities for Nigerian merchants to sell to over 400 million PayPal users worldwide.

Tayo Oviosu, founder and Group CEO of Paga, said the integration aims to make global earnings more accessible to Nigerians.

“This partnership will benefit freelancers, online businesses, and consumers by allowing them to easily receive, use, and manage international funds within the local economy,” he said.

Otto Williams, PayPal’s Senior Vice President and Regional Head for the Middle East and Africa, noted that the company worked closely with local innovators to develop solutions tailored to Nigeria.

He said the partnership will strengthen the payments ecosystem, expand financial inclusion, and allow more Nigerians to participate confidently in the digital economy.

Nigeria’s digital payments sector has grown rapidly, with transaction values reaching N657.8 trillion in 2023 and over 30 million active mobile wallet users, according to Novatia Consulting.

Paga, with more than 21 million users and a strong API-driven infrastructure, is well-positioned to scale PayPal’s services nationwide through its settlement network.

Users can access the service by logging into the Paga app or website, linking their PayPal accounts, and receiving international payments directly into their Paga wallets, which can then be transferred, spent, or withdrawn locally.

Also read: Romance Scam Victim UK Shares Emotional £200k Loss to Nigerian Fraud

Industry experts say the partnership marks a milestone in strengthening Nigeria’s financial infrastructure, easing access to global income streams, and empowering small businesses and individuals to participate more fully in the global digital economy.

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CAN Demands Urgent Investigation into Video Threatening Christians

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CAN demands a probe of a viral video threatening Christians in Enugu and Jos, urging security agencies to identify those involved and ensure accountability (more…)

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NSCDC Panel Finds 37 Miners Died of Suffocation

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An investigative panel says 37 miners died of suffocation in NSCDC custody in Niger State and recommends compensation and disciplinary action (more…)

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Tinubu Knows Food Prices, Presidential Aide Says Amid Hardship

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Tinubu food prices are monitored through regular briefings, presidential aide Abiodun Essiet says, as Nigerians continue to face cost-of-living pressures

President Bola Tinubu is aware of the prices of everyday food items, including eggs and bread, and receives regular briefings on the economic challenges facing Nigerians, the Senior Special Assistant to the President on Community Engagement for the North-Central region, Dr Abiodun Essiet, has said.

Also read:FG Urges Investment in Youth, SMEs and Local Industries to Grow Economy

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Essiet made the remarks while speaking to State House correspondents at the Presidential Villa in Abuja on Tuesday, dismissing suggestions that journalists were the only people who understood the hardship experienced by ordinary Nigerians.

She also serves as the President’s representative for the North Central Citizens’ Assembly.

“I don’t feel it’s only media people who understand what the people are facing. Some of the reality of what our people are facing is what we are communicating to Mr President,” she said.

Essiet added that the President and members of the Federal Executive Council were regularly informed about the cost of basic commodities and the challenges confronting households.

“I usually tell people, you think Mr President doesn’t know the price of egg or bread in the market? He does, because we brief him regularly, and so do members of the Federal Executive Council,” she said.

The presidential aide also highlighted infrastructure development as a key component of the administration’s agenda, citing public reactions during a visit to a section of the Mokwa-Bida road in Niger State.

According to her, residents turned out in large numbers during the visit because of longstanding concerns about the condition of the road and calls for its rehabilitation.

“Yes, infrastructure is the bedrock of any development. When we went to the Mokwa-Bida road, come and see the crowd, because that is the road that people have been calling for Mr President to address,” she said.

Essiet claimed that the road had last been awarded for construction 46 years ago and highlighted the dangers motorists and other road users faced while navigating the route.

“Do you know how many people have died trying to manoeuvre that road? Trailers have had accidents trying to manoeuvre that road,” she added.

She said Tinubu had directed that the road be reconstructed using reinforced concrete rather than conventional asphalt, with the aim of improving its durability.

“Mr President said they should award the contract and make sure that the contract will be reinforced concrete, not just asphalt,” Essiet stated.

Her comments come amid continued public concern over food affordability and the cost of living.

On October 19, Vice President Kashim Shettima expressed optimism that food prices would decline in the coming weeks as the administration responds to challenges affecting agriculture.

Shettima made the statement at a forum titled “Together till 2027: An Evening with Original City Boy”, organised by the City Boy Movement alongside the Relax-Tinubu-Is-Fixing-Nigeria movement, groups supporting the President’s re-election bid.

Also read:FG Urges Investment in Youth, SMEs and Local Industries to Grow Economy

Essiet was appointed Senior Special Assistant to the President on Community Engagement for the North-Central region in 2024.

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