PayPal Ranks Nigeria As Third In Mobile Shopping In The World After China & India

PayPal is one of the top online transaction platforms where people can easily purchase items from anywhere in the world via their PayPal account. From the latest report, about 55% of Nigerians have made purchases in the past 12 months via PayPal. It also stated l that Nigerians have spent about N128.1 billion ($610 million) in 2015 alone via PayPal, while the estimated target this year 2016 is N172 billion ($819 million).

Here is the official statement from PayPal’s General Manager in Africa and Israel, Efi Dahan,

“Nigerian online shoppers have realized that the world is their shopping mall when it comes to buying what they need and want. ‘They are no longer limited to what they can buy domestically, and are confidently scouring the globe for great deals, more choice, high quality and premier brands,”

China still holds the honor and sits atop as the global leader and highest users of PayPal with 86% of all online shoppers making use of their smartphones. India is ranked 2nd with
82% while Nigeria is ranked 3rd in the world with 72% shoppers using their smartphones for online purchases with their PayPal accounts.

Now, the big question is why are Nigerians still restricted from receiving money directly to their PayPal accounts even after being among the top users of the platform? What is going on. It's high time PayPal lifted this ban

With a report like this, it is still shocking to see that Nigerians can’t receive payments directly to their PayPal accounts.