1 million PayPal accounts in SA

PayPal, an online payments company, says it has opened up in excess of 1 million accounts in South Africa, since its launch in deal with First National Bank (FNB), in 2010.

“Online commerce creates a world of opportunities for buyers and sellers, but entering card details on an overseas website or accepting a payment from someone overseas can be concerning,” said Malvina Goldfeld of PayPal.

“What PayPal represents is trust, which is why we process over nine million payments every day, including 2.4 million international payments.”

PayPal’s clients in South Africa include Mr. Price, Netflorist and Singita.

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1 million PayPal accounts in SA