SAN JOSE | PayPal plans to introduce services into 10 new markets. Consumers in Belarus, Cameroon, Côte d’Ivoire, Macedonia, Moldova, Monaco, Montenegro, Nigeria, Paraguay, and Zimbabwe will be able to register for a PayPal account and start making payments on millions of websites around the world without the worry of entering their credit or debit card details online.
'Peace of Mind'
“While technology is breaking down barriers to global commerce, many people are wary of entering their credit or debit card details on the website of an unknown seller, operating in a distant country,” said Rupert Keeley, senior vice president of PayPal Europe, Middle East and Africa. “Paying with PayPal provides peace of mind, because people never have to expose their financial information during the transaction.”
Start accepting PayPal payments
This also means that retailers and businesses of all sizes now have the opportunity to start accepting PayPal payments from buyers in these ten markets. “From today, people in more than 200 markets around the world will have the option to pay with PayPal,” adds Keeley. The addition of these markets will bring the total number of markets PayPal serves to 203.
10 new markets in coming days
PayPal services will roll out across the ten new markets in the coming days. Once live, anyone with access to the Internet and a card authorized for Internet transactions by the issuing bank, will be able to register for a PayPal account and start making payments.
PayPal is one of the best known payment brands in the world. With 148 million active accounts in 193 markets and supporting 26 currencies around the world, PayPal enables global commerce, processing more than 9 million payments every day. Ecommerce merchants willing to accept PayPal in their online store can opt for direct integration via the PayPal API or by using a PayPal Payment Service Provider. Countries not supported by PayPal include Republic of Macedonia, Iraq, Afghanistan, Bangladesh, Pakistan, and Montenegro, in addition to the US economic sanction list. On April 30th this year, PayPal revealed its new brand identity and logo.
Sourced from PayPal, June 16th, 2014