Union Bank of Nigeria has announced that its Visa and MasterCard offerings are now accepted on PayPal.
Speaking about the development, Union Bank e-Business head Fatai Baruwa said, "We are glad that PayPal has extended its services to Nigeria."
"With the push towards a more cashless society in Nigeria, and the growth and increased awareness of online shopping on local and international sites, Union Bank customers now have another safe and secure payment option to enable them conclude their online transactions."
PayPal facilitates online payments and money transfers to over 190 countries. The platform also allows users to send money and make payments without sharing financial information.
The Union Bank has jumped onto the technology bandwagon across all banking platforms. The bank earlier announced that it will be rolling out its ‘Bank of the Future’ branches, which will rely on technology and innovation to simplify the banking experience for customers. The bank is also doubling its ATM footprint and enhancing its mobile banking platforms.