Latest news with #SuzanKereere
Dubai Eye
02-05-2025
- Business
- 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.
Arabian Business
24-04-2025
- Business
- Arabian Business
PayPal expands in MEA region with its newly launched hub in Dubai
PayPal, one of the biggest digital commerce platforms in the world with a market capitalisation of US$61 billion, opened a new regional hub in Dubai – its first-ever location in the Middle East and Africa. The regional hub, located in Dubai Internet City, strengthens PayPal's commitment to its customers and partners in the region and enables millions to access the global digital economy. Through its Dubai operations, PayPal will serve 80 countries. PayPal expands to Dubai 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. It also comes at a time when the UAE and the Middle East countries are actively embracing digital payments. Suzan Kereere, President of Global Markets at PayPal, commented: '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.' Speaking from the Dubai AI Festival 2025 on Wednesday, 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.' The company has signed a number of deals with merchants and partners in the region in recent months. Otto Williams, Senior Vice President, Regional Head and General Manager of PayPal Middle East and Africa, added: 'Through strategic partnerships with banks, fintechs, telecommunications providers, and other commerce players, we can collectively expand access to the global digital economy. 'We are honoured 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.' The company has revolutionised commerce globally since March 2000, when it was established with its headquarters in San Jose, California. The company was acquired by eBay in 2002 and spun off as a separate public listed company in 2014.
Hi Dubai
24-04-2025
- Business
- Hi Dubai
PayPal Launches First Middle East and Africa HQ in Dubai
PayPal has officially opened its first regional headquarters for the Middle East and Africa in Dubai, marking a major milestone in the company's global expansion. The new hub, located in Dubai Internet City, reinforces PayPal's commitment to enhancing digital commerce in the region and enabling broader access to the global economy. The move will give businesses—large and small—access to seamless payment solutions, advanced security, and international payment networks to help them scale across borders. The announcement was made during the Dubai AI Festival 2025 by Suzan Kereere, President of Global Markets at PayPal. 'PayPal is uniquely positioned to bridge the gap between consumers and businesses for cross-border commerce,' Kereere said. 'With over 430 million customers globally, we aim to empower businesses in the Middle East and Africa to reach new markets, while helping local consumers shop globally with confidence.' Kereere also highlighted PayPal's focus on innovation, including AI-driven tools like smart wallets and agentic commerce. 'As AI reshapes how we shop and pay, we're building the next generation of shopping experiences,' she added. Otto Williams, PayPal's SVP and General Manager for the region, emphasized the company's strategic collaborations with banks, fintechs, telecoms, and commerce players. 'With our new hub in Dubai, we're not only serving major enterprises but also equipping SMEs with the tools to compete and grow globally,' he said. The Dubai hub follows a wave of recent PayPal deals in the region and is expected to play a critical role in accelerating digital inclusion and economic growth across Middle East and Africa. News Source: Emirates News Agency
Gulf Today
23-04-2025
- Business
- Gulf Today
Maktoum greets PayPal on opening its new hub in Dubai Internet City
Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance of the UAE, on Wednesday met with Suzan Kereere, President, Global Markets at PayPal, one of the world's leading digital payment platforms. During the meeting, Sheikh Maktoum congratulated PayPal on the opening of its new regional hub in Dubai Internet City and affirmed Dubai's commitment to supporting its continued growth and success in the region. The new hub will serve as PayPal's operational base for 80 countries across the Middle East and Africa. Sheikh Maktoum also highlighted the UAE's vision to be a leading player in accelerating the global shift towards a digital economy. He underscored Dubai's ambition to create a dynamic and resilient financial ecosystem that fosters innovation, safeguards trust, and unlocks opportunity across borders. Discussions explored avenues for partnerships in digital payment systems, supporting the growth of SMEs and e-commerce, and enhancing cross-border financial connectivity, capitalising on the UAE's strengths in the industry. He noted that Dubai's advanced regulatory environment and future-ready digital infrastructure have made it an ideal base for global financial institutions seeking to expand into high-growth emerging markets in the region. PayPal's growing operations in the region, using Dubai as a base, reflects the city's rising stature as a hub for next-generation financial services and its progress towards becoming one of the world's top four financial centres under the Dubai Economic Agenda D33, he in 1998, PayPal serves over 430 million customers across more than 200 markets, enabling seamless, secure digital transactions. The company processed nearly $1.7 trillion in payment volume and recorded $31.8 billion in net revenue in 2024. The meeting was attended by Helal Almarri, Director General of the Dubai Department of Economy and Tourism; Hesham Al Qassim, Vice Chairman and Managing Director of Emirates NBD; and Malek Al Malek, Chairman of TECOM Group. 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.' 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. WAM
Zawya
23-04-2025
- Business
- Zawya
PayPal expands in MENA with new Dubai hub serving 80 countries
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.'
