03 October, 2007

When is Paypal Coming to Africa?

I must be among the many Africans who are wondering on the question' when is paypal coming to Africa?' and more particurlarly to Kenya.

The online system of payment operated by Paypal was founded in 1998,San Jose California and now boasts of operating 153 million accounts worldwide ,available in 190 markets and 17 currecies all over the world except in Africa.Due to its inadequate presence in hinterland Africa,the E-Commerce provider losses out on massive profits which it could rake in due to emerging robust markets in Africa.

PayPal boasts of being a safer, convenient and easier way to pay and get paid online. The service allows anyone to pay in any way they prefer, including through credit cards, bank accounts, buyer credit or account balances, without sharing sensitive financial information.Pay pal is currently owned by ebay pursuant to an acquisition in 2002.It is just too unfortunate that Paypal is continuing on a sluggish pace to venture into the African Market.We certainly deerve access to use of this service ...ama?

1 comment:


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