PayPal introduces payment services in 10 new markets

PayPal is foraying into 10 new markets, expanding its payment services to a total of 203 countries.

PayPal is foraying into 10 new markets, expanding its payment services to a total of 203 countries.

The services are launched in Belarus, Cameroon, Côte d’Ivoire, Macedonia, Moldova, Monaco, Montenegro, Nigeria, Paraguay, and Zimbabwe.

The move would enable people in these markets to register for a PayPal account and leverage online payments service, bypassing the requirement to feed their credit or debit card details online.

PayPal Europe, Middle East and Africa senior vice president Rupert Keeley said with this launch people in more than 200 markets around the world would have the option to pay with PayPal.

"We plan to work with our customers to help them take advantage of the opportunity to offer a safer and easier way to pay in markets they may not have explored before," added Keeley.

Also, the launch of the services in the countries would allow businesses of all sizes to start accepting PayPal payments from buyers.

"While technology is breaking down barriers to global commerce, many people are wary of entering their credit or debit card details on the website of an unknown seller, operating in a distant country," added Keeley.