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PayPal Holdings has committed Ksh13 billion across the Middle East and Africa to fuel innovation, empower entrepreneurs, and drive inclusive economic growth in the rapidly expanding region.
The payment giant’s fresh investment will be channeled through a blend of minority stakes, acquisitions, venture funding, and new technology deployments.
This initiative aims to help local businesses scale and tap into millions of new consumers in the digital economy.
“The Middle East and Africa are home to some of the most dynamic and rapidly evolving businesses in the world,” said Alex Chriss, PayPal’s CEO.
“By dedicating $100 million to this region, we’re investing in technologies and partnerships that will help entrepreneurs scale faster, expand beyond borders, and unlock new opportunities in the digital economy.”
PayPal Presence in MEA Market
This announcement builds on PayPal’s April launch of its first regional hub in Dubai, which serves as a gateway to global commerce, offering businesses from large enterprises to small merchants seamless payment solutions, enhanced security, and expanded access to international markets.
PayPal’s commitment also extends to PayPal Ventures’ ongoing investments in promising startups such as Tabby, Paymob, and Stitch, reinforcing the company’s long-term role in shaping the future of digital commerce in the region.
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“This investment underlines our commitment to expanding PayPal’s footprint in the Middle East and Africa,” said Otto Williams, Senior Vice President and General Manager of PayPal Middle East and Africa.
“Our goal is to connect local businesses to the global marketplace and ensure millions of consumers and companies have access to digital services needed to thrive.”
With more than 25 years of experience revolutionizing commerce worldwide, PayPal continues to enable consumers and businesses in nearly 200 markets to participate in and benefit from the global economy.
The Growth of PayPal
PayPal is a global online payment platform that allows individuals and businesses to send and receive money electronically.
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It was founded in 1998 and quickly became a pioneer in digital payments, offering a secure, fast, and user-friendly alternative to traditional financial methods, such as checks and bank transfers.
PayPal gained widespread popularity after being acquired by eBay in 2002, serving as the primary payment method for transactions on the platform for over a decade.
It has since expanded its services to include mobile payments, business invoicing, international transfers, and support for cryptocurrencies, making it a versatile financial tool.
Today, PayPal operates in over 200 markets and supports multiple currencies, making it a widely accepted option for global commerce.
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