Lagos, Nigeria – PayPal, the global digital payments platform, has officially launched in Nigeria through a partnership with fintech company Paga, enabling Nigerians to receive money from the international platform for the first time.
The announcement was made by Tayo Oviosu, founder and CEO of Paga, via a Twitter post on Tuesday 27th January, highlighting that the partnership allows Nigerian PayPal users to link their accounts to Paga to access global payments and commerce.
According to Oviosu, the partnership enables Nigerian users to:
A. Receive payments via PayPal for the first time;
B. Send and receive money internationally; Withdraw funds in Naira through the Paga app; and
C. Allow Nigerian merchants to accept PayPal payments from customers worldwide.
Oviosu shared that Paga had approached PayPal in 2013 with a proposal to collaborate on enabling on-ramps and off-ramps between Nigeria and PayPal, a vision that has taken over a decade to materialise.
“This moment isn’t about a single announcement. It’s about patience, building trusted local infrastructure, and believing that global platforms scale better when they work with local systems,” Oviosu wrote.
The collaboration comes as a significant milestone for Nigeria’s fintech ecosystem, which has seen rapid growth over the past decade.
What are the potential benefits and challenges for Nigerian freelancers and small businesses with PayPal’s re-entry into the market?
How might this partnership impact the growth of Nigeria’s digital economy and financial inclusion?
