Buying and selling online from South Africa has become sort of a risk in this day and age, specially if you want to buy from places like e-bay. This will hopefully not be the case for long anymore as PayPal is currently in talks with FNB and the South African Reserve Bank.
What is PayPal you ask? PayPal is the safer, easier way to pay and get paid online. The service allows anyone to pay in any way they prefer, including through credit cards, bank accounts, buyer credit or account balances, without sharing financial information. Gone are the days of entering your credit card details to buy something online, you will just buy with your PayPal account and PayPal will ensure that the transaction goes smooth.
About two weeks back news has gone viral on social networking site Twitter where it was divulged that FNB is currently in talks with PayPal to allow transactions from South Africa. Later on head of corporate communications at FNB released an official statement that First National Bank is indeed in discussions with PayPal and the South African Reserve Bank.
Upon entering the FNB website users are now also greeted with a pop-up window with the statement that it is confirmed that FNB is in talks with PayPal and that further information will be released in due course.
This is a really exciting announcement by PayPal and FNB as the introduction of PayPal in South Africa will open up so many new potential opportunities and bring a huge influx of cash into South Africa through online purchases.
What do you think? Will you be using PayPal when it is confirmed that it will be available in South Africa?