PayPal Re-enters Inbound Nigerian Market via Paga Partnership

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