Africa: PayPal expanding into Africa

Oluniyi Ajao blogs about PayPal expanding into more African countries: “Good as it sounds, it is important to note that users in all the African countries covered by Paypal, can only send, but cannot receive money. They cannot receive payments online even if they are online merchants. This is far better than not being included at all as users in the countries can at least pay for online services or send money to other Paypal users via the Internet.
Nigeria, Egypt and Ghana are prominently missing. This might not be unconnected to the fact that these countries are consider high-risk due to the high level of credit card fraud originating from these countries.”

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