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Johannesburg - First National Bank (FNB) has broken its silence on its possible launch of international payment gateway PayPal in South Africa.
Fin24.com reported on Monday FNB is considering the move, even though the financial services group refused to confirm or deny the rumours.
However, in a brief statement on Thursday, head of corporate communications Virginia Magapatona confirmed FNB's interest in PayPal, which has over 300 million users worldwide.
When the news broke on Monday, a number of Fin24.com readers expressed great excitement about the possible arrival of this technology.
"As a small business owner who trades with individuals along the spectrum of the globe, it would open all sorts of new doors [for me]. It's about time we moved with the rest of the world," one said.
"This is the best news I've heard in while. Having PayPal come to Mzanzi solves 80% of the problem; now South Africans can take over the globe," was the feeling of another reader.
"The lack of PayPal support in SA surely had negative consequences on businesses."
- Fin24.com