PayPal to Invest $100 Million in Middle East and Africa to Boost Digital Commerce
PayPal Holdings has announced a $100 million investment aimed at fueling innovation, supporting entrepreneurs, and driving inclusive economic growth across the Middle East and Africa (MEA), one of the world’s fastest-growing digital commerce regions.
The commitment will be deployed through a combination of minority investments, acquisitions, PayPal Ventures funding, as well as talent and technology deployments. The initiative is designed to help local businesses scale, create new opportunities for innovators, and bring millions more consumers into 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, President and CEO of 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 launch of PayPal’s first regional hub in Dubai earlier this year. The hub is designed to serve as a gateway for global commerce in the MEA region, offering enterprises and small merchants seamless payments, enhanced security, and greater access to international markets.
The $100 million pledge also builds on PayPal Ventures’ existing investments in some of the region’s most promising startups, including buy-now-pay-later platform Tabby, Egyptian payments company Paymob, and South African fintech Stitch. These investments highlight PayPal’s long-term role in shaping the future of digital commerce in MEA.
“This commitment underscores our dedication to expanding PayPal’s presence in the Middle East and Africa,” said Otto Williams, Senior Vice President, Regional Head and General Manager of PayPal MEA. “Our focus is to strengthen connections between local businesses and the global marketplace while ensuring millions of consumers and businesses can access the digital services they need to thrive.”
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