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PayPal Re-enters Inbound Nigerian Market via Paga Partnership
Abstract：PayPal initiates a strategic partnership with Nigerian fintech Paga to enable inbound payments, ending a 13-year restriction on receiving funds in Africa's largest economy. The move is expected to streamline digital remittance flows and expand cross-border trade access for local merchants.
Global payments giant PayPal has effectively lifted historical restrictions on inbound transfers to Nigeria, partnering with local fintech unicorn Paga. The collaboration marks a pivot in the digital payments landscape for Africa's largest economy, allowing merchants and freelancers to receive funds directly.
Enhancing Cross-Border Capabilities
Prior to this partnership, NigerianPayPal accounts were limited to “send-only” functionality, forcing users to rely on parallel and often expensive channels to access foreign revenues.
Market Implications
While this development does not alter CBN policy, it improves the efficiency of FX inflows into the digital economy.
- Partner: Paga
- Region: Nigeria
- Key Authority: CBN
- Market Metric: FX inflows
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