Botswana business can now receive and withdraw PayPal funds locally through FNB’s partnership with PayPal. This morning, First National Bank (FNB) announced they will be extending the partnership between the companies to offer PayPal Withdraw Service, previously available only in South Africa, in Botswana. This service will allow, for the first time ever, residents in Botswana to withdraw money directly from their PayPal accounts to their qualifying FNB bank account. It gives local businesses the flexibility they need to not only accept PayPal payments but also settle locally - opening up the opportunity to do business on a global level and have access to PayPal’s 183 million active customer accounts in 203 countries and markets. Speaking of the partnership, PayPal’s General Manager Sub-Saharan Africa and Israel, Efi Dahan, said “We are very excited to introduce this local withdrawal service into the Botswana market. At PayPal, we are passionate about people.
By John Churu, BiztechAfrica, Gaborone, Botswana
With over 21 years of experience, I specialise in designing and developing custom e-commerce websites and mobile apps for clients seeking to establish an online presence. I assist clients in building tailored e-commerce solutions and provide training on managing the backend, empowering them to run their online businesses independently.
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