WITH more people across the globe becoming more comfortable with online transactions ,the Regional Director Africa and Israel, PayPal, Efi Dahan in this interview with Emeka Aginam highlights how Paypal is helping people to gain access to economic opportunity and greater control over their money.
He said that with PayPal account , people can shop at sites around the world in just a few easy clicks, while ensuring security of customer’s financial information. Excerpts:

ENTRY into the Nigerian market

Entering any new market requires investment as well as careful planning and preparation. We take our responsibility to manage people’s money very seriously. Enabling services for paying on overseas websites allows us to monitor and assess how PayPal is received in Nigeria and to help improve our service. Our aim is to build demand among local consumers and introduce our global network of merchants to the new market opportunities.

Benefits of using PayPal
At PayPal, we put people in the centre of everything we do. Our aim is to help people around the globe gain greater access to economic opportunity and greater control over their money. With a PayPal account you can shop at sites around the world in just a few easy clicks, knowing your financial information is never shared with the seller.

More secure: When you make a payment with PayPal we do not share your financial details with the seller. This gives you more control and provides an extra layer of security for your purchases. We also protect eligible purchases with PayPal Buyer Protection. If an eligible item doesn’t show up, or turns out to be different than described, we’ll help sort things out with the seller.

Millions of customers around the world use PayPal because it is safe, fast and simple. When checking out with your PayPal account, you do not need to type in all your card details and shipping information for each transaction- everything is already stored in your PayPal account and kept secure. All you need is your PayPal account’s email address and password and you will get through the checkout in no time.

With a PayPal account you can shop around the world in just a few easy clicks, knowing your financial informationisnever shared with the seller.

Implementation of peer-to-peer in Nigeria
Nigeria is a very interesting market and over time we may expand our presence, but for now we are satisfied to help the first Nigerians register for a PayPal account and make payments on overseas websites.

How secure is PayPal in relation to other online payment methods?
As a leader in global payments, we commit significant resources to combat crime online and work collaboratively with law enforcement agencies around the world, making the Internet a safer place for everyone.We have spent the last decade building a risk management infrastructure and fraud management expertise.To keep your information secure, PayPal uses the highest level of encryption commercially available, state-of-the-art fraud-prevention systems, and expert staff to monitor transactions twenty-four hours.

Why millions of customers around the world use PayPal
Founded in 1998, we continue to be at the forefront of the digital payments revolution, giving people direct control over their money. PayPal is the faster, more secure way to pay. What helped to continue developing and growing the company is staying close to our original purpose – giving people simpler ways to send money without sharing financial information with the seller, and with the flexibility to pay using their credit or debit cards.

PayPal active user accounts globally and in Nigeria
We are very happy to see that PayPal has been widely welcomed by Nigerians since the launch of the service in the country.PayPal has more than 157 million active accounts worldwide and is available in 203 countries and markets.

PayPal’s total payment volume processed
In 2013, PayPal facilitated one in every six dollars spent online. PayPal’s net Total Payment Volume, the total value of transactions in Q3 2014 was $56.6 billion, up 29% year over year. Also, in Q3 of 2014 our customers made 895 million transactions, nearly 10 million transactions per day.
- See more at: http://www.vanguardngr.com/2014/12/help-customers-gain-access-economic-opportunities-paypal/#sthash.1paoRNRt.dpuf

those in the biz of importation understand the value of paypal.