logo
PayPal expands in MENA with new Dubai hub serving 80 countries

PayPal expands in MENA with new Dubai hub serving 80 countries

Zawya23-04-2025

PayPal, the global digital commerce platform, has today opened a new hub in Dubai, which serves as the company's first-ever regional headquarters in the Middle East and Africa. The Dubai Internet City site strengthens PayPal's commitment to its customers and partners in the region and commitment to enabling millions more consumers and businesses to access the global digital economy.
PayPal's expanded presence will bring global commerce capabilities to the region, including frictionless payments, robust security, and broader access to international payment networks to help large enterprises and small businesses sell across borders.
Speaking from the Dubai AI Festival 2025 today, Suzan Kereere, President of Global Markets at PayPal, said: 'PayPal is uniquely positioned to bridge the gap between consumers and businesses for cross-border commerce, fostering growth in local economies. We proudly serve over 430 million customers worldwide today, and we hope to reach many more from our new regional hub for the Middle East and Africa. We want to empower businesses in this region to connect with our global consumers, while enabling consumers here to shop with confidence internationally.'
Suzan added, 'As artificial intelligence rapidly transforms the way we shop and pay, PayPal is developing its next generation shopping experiences at speed, including smart wallets and agentic commerce. I cannot wait to take our customers and partners on this journey with us.'
The announcement comes on the back of a series of major merchant and partner deals PayPal has signed in the region in recent months.
Otto Williams, Senior Vice President, Regional Head and General Manager of PayPal Middle East and Africa, said, 'Through strategic partnerships with banks, fintechs, telecommunications providers, and other commerce players, we can collectively expand access to the global digital economy. We are honored to already serve many of the largest online enterprises in the region across vital sectors like aviation, tourism, digital goods, and retail.
With our new regional hub in Dubai, we are poised to achieve much more, particularly for small and medium-sized businesses, who we will equip with the tools to attract, convert and retain customers on a global scale.'

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Google Wallet to Sever PayPal Links in US from June 13
Google Wallet to Sever PayPal Links in US from June 13

Arabian Post

time03-06-2025

  • Arabian Post

Google Wallet to Sever PayPal Links in US from June 13

Google Wallet users in the United States will no longer be able to use PayPal as a linked payment method starting 13 June 2025. The digital wallet platform will automatically remove all connected PayPal accounts, marking the end of a partnership that began in 2017. This change follows Google's earlier decision on 11 April to halt the addition of new PayPal accounts to Wallet. The discontinuation affects only U.S. users; PayPal integration with Google Wallet will remain functional in Germany. Users who previously relied on PayPal for transactions via Google Wallet will need to manually add alternative payment methods, such as credit cards, debit cards, or bank accounts, to continue using the service. While PayPal-branded debit cards will still be accepted, recurring payments set up through PayPal must be updated directly on the merchants' websites. Additionally, PayPal transaction history will no longer be accessible through Google Wallet and must be viewed on PayPal's platform. Neither Google nor PayPal has provided a specific reason for ending the integration in the U.S. However, PayPal has been enhancing its own app with features like tap-to-pay on iPhones in Germany and group payment options, indicating a possible shift towards promoting its native platform for contactless payments.

Sheikh Ahmed explores fintech collaboration with PayPal
Sheikh Ahmed explores fintech collaboration with PayPal

Dubai Eye

time02-05-2025

  • Dubai Eye

Sheikh Ahmed explores fintech collaboration with PayPal

The President of the Dubai Civil Aviation Authority held talks with Mrs. Suzan Kereere, President of Global Markets at Paypal exploring potential avenues of collaboration in the evolving digital payments sector. In a statement shared on social media platform X, Sheikh Ahmed bin Saeed Al Maktoum, who also holds the position of Chairman of Dubai Airports, and Chairman and Chief Executive of Emirates Airline and Group, highlighted the alignment between Dubai's digital ambitions and PayPal's global expertise. 'Our discussions reaffirmed a shared commitment to supporting Emirates' ambitious vision,' he said. 'With Dubai at the forefront of digital transformation, we look forward to driving meaningful growth through impactful collaboration.' The meeting comes as Dubai accelerates its D33 Agenda, an initiative aimed at positioning the emirate as a global hub for innovation and the digital economy. Sheikh Ahmed emphasized such partnerships are critical to shaping the future of fintech and expanding the scope of digital services across the region.

Traditional Banks at Risk If They Don't Embrace Bitcoin, Eric Trump Says
Traditional Banks at Risk If They Don't Embrace Bitcoin, Eric Trump Says

Arabian Post

time01-05-2025

  • Arabian Post

Traditional Banks at Risk If They Don't Embrace Bitcoin, Eric Trump Says

Eric Trump, son of former U.S. President Donald Trump, has issued a stark warning to the global banking industry: without embracing cryptocurrency, particularly Bitcoin, banks could face extinction within the next decade. In a bold statement, he emphasised that financial institutions must adapt to the evolving landscape of digital finance or risk being rendered obsolete by the rise of decentralised financial systems. Trump's remarks come at a time of increasing pressure on traditional financial systems, as cryptocurrencies, led by Bitcoin, continue to grow in popularity. While banks have historically been cautious about adopting digital currencies, the increasing demand for crypto-based solutions from both consumers and investors has made it increasingly difficult to ignore the trend. The statement from Trump, who has long been a vocal advocate for the potential of digital currencies, highlights the urgency with which banks must act to remain competitive in an evolving global economy. Central to Trump's warning is the rise of decentralized finance , which is rapidly reshaping the way individuals and businesses conduct transactions. With Bitcoin often viewed as the flagship of the DeFi movement, Trump argues that the growing demand for more transparent, secure, and cost-effective financial systems signals an irreversible shift that banks cannot afford to overlook. The transition to digital currencies and blockchain technology offers a range of benefits that many traditional banks struggle to provide. For example, Bitcoin transactions, along with other cryptocurrencies, are known for their speed, lower transaction fees, and increased security, compared to conventional banking methods. In addition, the transparency of blockchain technology allows for more traceable and verifiable financial transactions, a feature that has garnered significant interest from both consumers and businesses alike. See also Libyan Dinar Plunges Amid Mounting Fiscal Turmoil As cryptocurrencies become more widely accepted, some traditional banks are beginning to explore ways to integrate Bitcoin and other digital assets into their operations. A growing number of institutions are testing the waters with pilot projects and crypto-related services. However, many have been slow to fully embrace the changes, often citing concerns around regulatory uncertainty, volatility, and security risks. Despite these challenges, the broader financial ecosystem is witnessing increasing adoption of blockchain technology. Large corporations and investment firms, including PayPal, Tesla, and MicroStrategy, have made significant moves into the Bitcoin market, signalling growing institutional acceptance. This shift is seen by many as an indication that the mainstream financial world is becoming more open to digital currencies and blockchain-based solutions. Trump's comments underscore the notion that banks must innovate in order to survive. The U.S. banking sector, which has been under scrutiny for its outdated infrastructure and lack of digital transformation, faces mounting pressure to modernise in the wake of rising competition from fintech and crypto startups. As the adoption of cryptocurrencies continues to accelerate, many financial experts believe that the pressure on banks to adopt Bitcoin and other blockchain-based solutions will only intensify in the coming years. While there remains resistance from some quarters of the banking industry, particularly those with more traditional mindsets, the growing influence of crypto-based financial platforms cannot be denied. The success of firms such as Binance, Coinbase, and Kraken, which have become major players in the digital currency space, highlights the potential for growth within the cryptocurrency market. See also Lego Unveils Pink Honda S2000 from 2 Fast 2 Furious At the same time, governments and regulatory bodies around the world are starting to take a more active role in addressing the challenges posed by cryptocurrencies. While some nations, such as El Salvador, have fully embraced Bitcoin as legal tender, others are still grappling with how to regulate and tax digital assets. This regulatory uncertainty remains one of the primary obstacles preventing banks from fully embracing cryptocurrencies. Nevertheless, some experts argue that the benefits of integrating cryptocurrencies into traditional financial systems far outweigh the risks. Proponents of Bitcoin and other digital currencies suggest that adopting these technologies can provide banks with an opportunity to reduce costs, streamline operations, and offer more innovative services to customers. By embracing Bitcoin, banks could enhance their competitive advantage and remain relevant in an increasingly digitised world.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store