This is another good news.
Fidelity Bank plc has announced a business partnership with PayPal to the effect that its payment cards are now acceptable on the PayPal platform.
The bank said, with this laudable development, Fidelity Bank’s cardholders could now shop from the world’s major international retailers with more flexibility and convenience.
Coming on the heels of the proposed nationwide adoption of the Central Bank of Nigeria (CBN’s) cashless initiative from July 1, this move is seen as part of the bank’s efforts at boosting electronic payments, e-commerce and fostering ease of transactions.
PayPal, a global player in the e-commerce industry, offers a faster and effective means of conducting transactions over the internet and is being used by millions of customers across the world.
Divisional Head, Electronic Banking, Adédèjì Olówè who spoke on behalf of the Managing Director and Chief Executive Officer, Fidelity Bank Plc, Nnamdi Okonkwo, said that the introduction of PayPal was a deliberate attempt by the bank to make financial services easy and accessible to its customers.
Specifically, Olowe said the development was in line with the bank’s commitment to consistently deploy innovative strategies to make life easier for its customers.
“We believe that our customers will benefit immensely from this innovation, and the registration process is straightforward,” he stated.
Olowe, however, explained that the bank would adopt a phased approach to deployment, adding that only shopping on international websites was available at the time, while other services would be introduced in the coming months.
While the surge in e-commerce has given rise to concerns about online security, the bank has allayed the fears of its customers by confirming that its cards are protected with top-notch security tools. In addition to the in-built security mechanism, Fidelity Bank’s MasterCard and VISA Cards are protected with the MasterCard SecureCode and Verified by VISA features respectively.