Fidelity Bank Plc has announced the acceptance of its payment cards on the PayPal platform.
PayPal is one of the world’s largest online payment platforms, which allow individuals and businesses to make easy international payments.
PayPal recently announced its entrance into Nigeria and nine new countries.
The firm provides online payment alternatives for consumers via mobile phones or personal computers. It has been used over the years to pay for transactions on online platforms like Amazon, eBay, and other top e-Commerce websites. Paypal boasts of more than 100 million users worldwide.
With this development, Fidelity Bank explained at the weekend that its cardholders can now shop from the world’s major international retailers with more flexibility and convenience.
“Coming on the heels of the proposed nationwide adoption of the CBN’s cashless initiative from July 1, this move is seen as part of the bank’s efforts at boosting electronic payments and fostering ease of transactions,” it added.
The bank’s Divisional Head, Electronic Banking, Adédèjì Olówè who spoke on behalf of the Managing Director/Chief Executive Officer, Fidelity Bank Plc, Nnamdi Okonkwo described the introduction of PayPal as a deliberate attempt to make financial services easy and accessible to customers.
Specifically, Olowe said that the development was in line with the bank’s commitment to consistently deploy innovative strategies to make life easier for its customers.
“We believe that our customers will benefit immensely from this innovation, and the registration process is straight forward,” he said.
He, however, explained that the bank would adopt a phased approach to deployment
“Only shopping on international websites is available at this time, other services will be introduced in the coming months,” he noted.