PayPal is returning to Nigeria for the first time in more than 20 years. Through its PayPal World Initiative, the company has allocated $100 million to work with Nigerian fintech companies, enabling users to conduct local and international transactions. The Nigerian launch, done in partnership with fintech firm Paga, enables users to link their PayPal accounts to Paga wallets, giving Paga users access to PayPal’s network. Oviosu noted that PayPal initially declined his proposal, suggesting that Nigerian fintech companies were still relatively new at that time. PayPal suspended its services in Nigeria in 2004, blocking users from receiving funds due to a high fraud risk.