The launch of PayPal in Nigeria in mid-2014 introduced a more secure way to transact, in a simpler and more flexible manner across borders; opening up a world of shopping possibilities for Nigerian consumers. PayPal gives people better ways to connect to their money and to each other, helping them pay online without sharing financial information with the sellers.
A recent study conducted in Nigeria by Ipsos* – a global market research company – on behalf of PayPal shows an expectation by Nigerian consumers to conduct more shopping online.
Out of the approximately 50 million internet users in Nigeria, 65% of users already shop online and another 24% of users expect to do so in the future. These numbers clearly demonstrate that Nigerians have a big and growing appetite for E-commerce.
Here is a list of the top 5 reasons why Nigerian consumers choose PayPal and use it for online shopping.
1. A more secure way to pay online
When you make a payment with PayPal your financial details are not shared with the seller. This gives you more control over your financial information and provides you with an extra layer of security.
2. The benefit of PayPal Buyer protection
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, PayPal can help sort things out with the seller. See Terms and Conditions.
3. Shop on thousands of websites around the globe
PayPal is a truly global payment platform that is available to people in 203 countries and markets. You no longer need to book a flight ticket to shop worldwide as PayPal is an accepted form of payment on thousands of websites around the globe. And the fact that your financial information is never shared with the seller is even more reassuring when it comes to shopping online from a merchant from another country that you don’t necessarily know.
4. Online shopping made easier
Using PayPal when paying online makes your life easier. When checking out with your PayPal account, you do not need to type in all your credit 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.
5. Free to sign up
Last but not least, signing up for PayPal is free and it’s a breeze; all you have to do is fill in your details below, choose you password, enter your card details and you are ready to go!
*On Behalf of PayPal, Ipsos interviewed a representative quota sample of 500 adults (aged 18 – 54) in Nigeria who have used a PC, laptop, mobile or tablet to access the internet in the past 6 months. Interviews were conducted face to face between 12 -24th November 2014