Rupert Keeley, the executive in charge of Europe, Middle East and Africa region (EMEA) of PayPal, the payment unit of eBay Inc, said in an interview yesterday that the expansion would bring the number of countries it serves to 203.
Starting today, consumers in Nigeria, which has 60 million users and has Africa's largest population, along with nine other markets in sub-Saharan Africa, Eastern Europe and Latin America will be able to make payments through PayPal
has been going through a period of reinvention, refreshing many of its services to make them easier to use on mobile (phones), allowing us to expand into fast-developing markets," Keeley
"We think we can give our sellers selling into this market a great deal of reassurance," said Keeley, a former regional banking executive with Standard Chartered Plc and senior executive with payment card company Visa Inc.
does not yet cover peer-to-peer transactions, which allow consumers to send money to other consumers.
It has not yet enabled local merchants in the new markets to receive payments, nor is it offering other forms of banking services, he