In a major move signaling the rising strategic importance of emerging markets, PayPal has pledged a landmark $100 million investment to fuel the digital revolution across the Middle East and Africa. This substantial commitment, announced from its regional hub in Dubai, is designed to supercharge one of the world’s fastest-growing digital commerce landscapes.
The funds will be strategically channeled to empower local entrepreneurs, accelerate the growth of small and medium-sized businesses, and integrate millions of new users into the digital financial ecosystem, positioning PayPal at the forefront of the region’s unprecedented economic transformation.
“The Middle East and Africa are home to some of the most dynamic and rapidly evolving businesses in the world,” said Alex Chriss, President and CEO, PayPal.
“By dedicating a $100 million investment to this region over the coming years, we’re investing in the technologies, partnerships, and solutions that will help entrepreneurs scale faster, expand their reach beyond borders, and unlock new opportunities for growth in the digital economy.”
The announcement follows the April launch of PayPal’s first regional hub in Dubai, a gateway designed to deliver global commerce capabilities to the region by providing businesses from large enterprises to small merchants with frictionless payments, robust security, and greater access to international markets.
This new $100 million commitment also builds on PayPal Ventures’ existing investments in some of the region’s most promising startups, including Tabby, Paymob, and Stitch, highlighting PayPal’s role as a long-term partner in shaping the future of digital commerce.
“This commitment underscores our dedication to expanding PayPal’s presence in the Middle East and Africa and our focus is to build stronger connections between local businesses and the global marketplace,” said Otto Williams, Senior VP, Regional Head and General Manager of PayPal Middle East and Africa.
“We’re focused on expanding our footprint in the region and ensuring millions of consumers and businesses can access more of the digital services they need to thrive.”
