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Botswana Business can now receive and withdraw PayPal funds

Date: May 25, 2016

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

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