Nigerian financial institutions shouldn’t be stressed yet because PayPal has confirmed its business won’t be interfering with their offering. Good news for them. Isn’t it?
At least an ounce of discussion among the youths online are based on PayPal Nigeria entrants into the country.
PayPal is the provider of the world fastest and easiest mode of payment system. And its entrant into the Nigerian economy, as announced by Rupert Keeley in an interview he granted to Reuters, may not mean so much to an ordinary user, but financial institutions in the country has different story to tell. With lots of excitement everywhere among business owners to online service providers and freelancers in the country, there are some guys somewhere who are not really happy with the development – you’re guessing! Keep it up. 🙂
Bank MDs, online service providers won’t like PayPal Nigeria to take a cut in their business!
But the question is, does PayPal Nigeria really interested in taking a cut or taking over the industry? I can’t say much on this yet.
The financial institutions in the country will not be totally happy that PayPal will be competing with them over the African’s #1 ecommerce market. Frankly, Rupert has made it clear that they needn’t to fret yet because peer-to-peer functionality will not be activated to people in the region at this time – user will now be able to create an account and pay for services online. It is only the “send money” feature that will be working for now.
So, the entire bank MDs and GMs in Nigeria shouldn’t worry due to PayPal entrants into the African leading e-commerce market. And I’d suggest they shouldn’t relax either, pending the time the fully functioning PayPal service will be introduced. Instead, they should try as much as possible to improve on their product and services to better improve the livelihood of the people doing business in the country.
Hmmm, someone has a story to tell here.
True Life Experience of a Nigerian freelancer regarding PayPal services
My PayPal Nigeria experience: A short true life story!
I’m a stranger in my own planet!
As a blogger and an aspiring millionaire (through hard work), I don’t see the reason why a particular company will come in between my dreams and its actualization. I’ve tried all I could in order to deliver what is said to be the best of services to the world, but the world ain’t paying me back in actual currency that I’m due for. Instead, the world is turning its back against me, claiming I’m from a particular neglected region of the world, and because of that, I cannot benefit from what they are enjoying.
This narrative story is the case of Chukwuozor Johnson Ezimora, a Nigerian-based freelancer who practices all of his online business activities right from the comfort of his bedroom. He has been working online ever since he completed his University education and served his fatherland under the youth service corps system (NYSC) in the northern part of the country, Nigeria.
Jobless, Frustrated, and Tired.
He’s tired of government’s inability to provide room for creativity to flow from the youth sets of his time, lack of social amenities to make life easier, and the low patronage on local products by the people. Man must chop!, as he stylishly phrased his message to me, so he took to the internet to learn what he could do, that will earn him a living aside from following his discipline in school as an agricultural scientist.
That means, he has borrowed from Alvin Toffler’s idea about LEARNING, UNLEARNING, and RELEARNING concept of life. You can read it below:
“The illiterate of the 21st century are not those who cannot read or write, but those who cannot LEARN, UNLEARN, and RE-LEARN what has been learnt in the past for effective use for the today’s progress.”
In due course, he became a full time online writer-cum-blogger and works with several clients in all continents of the world. He enjoys doing this and making money from it, but…he has issue with collecting his sweat-money.
It’s just too easy to work for him, but collecting the money he worked earnestly for has proved to be his insurmountable mountain for so long.
Whenever clients wanted to hire him, they prefer to pay him through PayPal which doesn’t support his country and he could not help the situation. He had missed lot of juicy and exciting offers due to barrier and he instead sticks to clients who can make direct payment to his home country bank account – which is very timely and demanding.
What a poor soul!
But favor smiled on him just this morning when he got to know the same PayPal that had refused his country has eventually removed the embargo placed on the country to enable their services in the country. He was so happy that he almost got himself injured all because of PayPal!
Not long after, while he was still basking in the euphoria of PayPal acceptance of his country, that he got to know that this service will be limited to sending money out of the country alone.
Who cares? That was what he thought!
While reverse is the case for him, he could still do some things pending the time they’d eventually enable peer-to-peer PayPal services in the country. He could go about doing his works, knowing sooner than later, they’ll enable this service. His lifelong dream has eventually came true.
Chukwuozor story reminds me of my plight in similar wilderness of PayPal denials. Four years ago when I first started making legitimate money online, just around the time TECHATLAST was founded, story time! hehehe :), the first income that came from the very first series of ads published on the blog were lost to an intimate friend in India due to the fact that Nigerians are not allowed to use PayPal services.
Curious to know how much, ehn?
Then, it was around $650 (that was a big money then if you compare that to what such kind of money could achieve for you at the time). But the rest is history now!
I’m happy for Ezimora and hoping PayPal Nigeria will look at this sincere feeling about their product/service and consider allowing Nigerians to have the real feel of their Peer-to-peer functionality.
I think this is the first major positive step to achieving more feats in the Nigerian online payment sector for PayPal Nigeria. What do you’all think?