PayPal, the global digital payments and commerce giant, has joined forces with TerraPay, the global money movement company, to enable real-time fund transfers for PayPal customers across the Middle East and Africa.
Through a new strategic partnership with TerraPay, PayPal aims to drive economic growth in the Middle East and Africa by making cross-border transactions faster and more accessible by connecting banks, mobile wallets, and financial institutions.
The MENA digital payments market is estimated at $251.34billion in 2025 and is expected to exceed $420billion by 2030, according to Mordor Intelligence. With the rising demand for fast, secure, and efficient payment solutions, this partnership bridges key gaps in financial connectivity and infrastructure readiness, enabling millions of individuals and businesses to engage more fully in the global economy.
“The Middle East and Africa are at the forefront of the digital transformation, yet financial barriers still limit growth for many,” explained Otto Williams, SVP, regional head and general manager, Middle East and Africa, at PayPal. “At PayPal, we’re committed to changing that.
“By partnering with TerraPay, we’re making it easier for businesses and individuals to make cross-border transactions, quickly, securely, and without friction. Together, we’re helping unlock economic opportunity and build a more connected, inclusive financial future for the Middle East and Africa region.”
Through secure PayPal account linking, TerraPay will serve as an enabler, allowing mobile wallet and bank users across the Middle East and Africa to easily transfer funds to their PayPal accounts.
Making digital payments more accessible
This collaboration will aim to provide enhanced accessibility for customers by facilitating:
- Secure account linking and seamless fund transfers from mobile wallets and bank accounts with PayPal.
- Expanded financial connectivity, empowering millions of customers to transact internationally with ease.
- Greater financial inclusion, enabling businesses and individuals to participate more effectively in the global digital economy.
“Our mission at TerraPay is to create a world where digital transactions are effortless, secure, and accessible to all,” added Ani Sane, co-founder and chief business officer at TerraPay. “This partnership with PayPal marks a major milestone in expanding financial access across the Middle East and Africa, where our strong global infrastructure helps overcome the limitations of traditional banking. With built-in interoperability, TerraPay connects various financial systems, from banks to mobile wallets, making it easier for businesses to scale and users to transact seamlessly on a global scale. Together, we are driving a new era of digital payments.”
As the demand for cross-border payments continues to grow across the region, PayPal and TerraPay say they remain committed to delivering innovative, secure, and convenient financial solutions that empower businesses and individuals to thrive in an increasingly connected world.
