PayPal, a global leader in digital payments and commerce, has announced a strategic collaboration with TerraPay, a worldwide money movement company, to facilitate real-time fund transfers for PayPal users across the Middle East and Africa.
This partnership is designed to promote economic development by streamlining cross-border transactions—making them faster, more user-friendly, and widely accessible through the integration of banks, mobile wallets, and financial institutions.
By securely linking PayPal accounts, TerraPay will act as a key enabler, allowing users of mobile wallets and bank accounts throughout the Middle East and Africa to transfer funds directly into their PayPal accounts with ease.
“The Middle East and Africa are leading the charge in digital transformation, but many still face financial barriers that hinder progress,” said Otto Williams, Senior Vice President, Regional Head and General Manager for the Middle East and Africa at PayPal. “At PayPal, we’re determined to change that. Our partnership with TerraPay is a step toward making cross-border payments faster, safer, and more seamless. Together, we are unlocking economic possibilities and paving the way for a more connected and inclusive financial ecosystem in the region.”
The collaboration will enhance customer access by enabling:
- Secure account linking and smooth fund transfers from mobile wallets and bank accounts to PayPal.
- Broader financial connectivity, allowing millions of users to carry out international transactions effortlessly.
- Increased financial inclusion, giving both individuals and businesses the tools to better engage in the global digital economy.
“At TerraPay, our goal is to create a world where digital financial transactions are simple, secure, and accessible to everyone,” said Ani Sane, Co-Founder and Chief Business Officer at TerraPay. “This alliance with PayPal represents a significant step in enhancing financial access across the Middle East and Africa. Our robust global infrastructure bridges the gap left by traditional banking, and our built-in interoperability connects banks and mobile wallets to make global transactions smoother for users and scalable for businesses. Together, we are shaping the future of digital payments.”
As the region sees a rising demand for cross-border financial services, PayPal and TerraPay remain focused on offering secure, innovative, and efficient solutions that empower both individuals and businesses to thrive in today’s interconnected world.
