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Why Do Nigerians Continue Using Expensive Payment Services Like Paypal And WU? - Business - Nairaland

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Why Do Nigerians Continue Using Expensive Payment Services Like Paypal And WU? by Nobody: 9:28am On Mar 05, 2019
Paypal - the 'industry standard' for online payments makes this opportunity inaccessible to Nigerians in most cases. Nigerians, who qualify to be a part of the workforce for some internet companies are not able to receive payments simply because we can't receive payments with Nigerian Paypal accounts.

With Western Union, there are different charges depending on how the sender funds the payment either with a bank transfer, cash, credit or debit card and how the recipient accesses the money. It can cost a lot more to send a transfer using a credit card, to a recipient wishing to collect the cash immediately in person from a Western Union

The marketplace is now competitive with the arrival of new technology and innovation that transforms the way we receive payments. The rise of trusted and tested new Fintech players are creating emerging alternative solutions for the industry’s fundamentals.

Individuals and businesses have more need than ever for cheaper and faster payments. Evidence of the changing dynamics and increasing pressure is present in the most established segments such as B2B and remittances that are growing across the value chain.

Our global payment solutions enable you to efficiently and securely receive payments directly to your bank accounts. - Korapay
Re: Why Do Nigerians Continue Using Expensive Payment Services Like Paypal And WU? by Caliph77: 1:09pm On Mar 18, 2019
Are you saying we can receive money transfers directly from USA into our bank accounts. I tried registering but couldnt, any help?

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