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PayPal is waiving processing fees on $1 billion worth of transactions to help American small businesses grow. The new Small Business Initiative will support veteran-owned companies and businesses in farming, manufacturing, and technology.
Millions of Nigerian freelancers and entrepreneurs can now receive PayPal payments for the first time through a new partnership with local fintech Paga. The integration opens access to 400 million global PayPal users and breaks down a barrier that's blocked Nigerians from the platform for two decades.
After two decades of shutting out Nigerians from receiving international payments, PayPal is partnering with local fintech Paga to finally let millions access global payments in their own currency. The return marks a full-circle moment for a company that was literally inspired by PayPal's original vision.