Botswanan businesses have received a boost as the First National Bank announced a partnership with PayPal. This will make Botswana only the second country in Africa to have access to PayPal's Withdraw service, allowing residents of the country to withdraw money directly from their accounts. This will give local businesses the flexibility of being able settle payment locally whilst having access to the global market. First National Bank customers can now open a PayPal account before receiving payments in up to 26 different currencies, whilst withdrawals will be made by converting US Dollars to Botswanan Pula. With online shopping on the rise in the country, the need for secure online payment has now been met, whilst also allowing international access to merchants in the country.Â
