PayPal, a global digital payments and commerce platform, has partnered with TerraPay to enable real-time cross-border fund transfers for users across the Middle East and Africa.
This partnership has been designed to accelerate economic growth in the MENA region by making cross-border payments faster, more accessible, and user-friendly, according to FF News.
The collaboration aims to connect banks, mobile wallets and financial institutions, thereby enhancing regional and global financial connectivity.
PayPal is one of the world’s largest FinTech platforms, offering online payments, money transfers, and merchant services globally.
With millions of users worldwide, it facilitates seamless transactions for individuals and businesses alike.
TerraPay, meanwhile, is a leading payment infrastructure company that enables interoperable and instant cross-border money movement by linking financial institutions, mobile wallets, and banks across over 200 countries and territories.
This alliance leverages TerraPay’s infrastructure to serve as a bridge between bank accounts and mobile wallets in the Middle East and Africa, enabling users to link their accounts securely and transfer funds to their PayPal accounts with ease.
This new capability is set to strengthen financial inclusion and empower millions of users to participate more effectively in the global digital economy.
The partnership also supports the significant market potential in the region. According to Mordor Intelligence, the MENA digital payments market is projected to reach $251.34bn in 2025 and grow to $422.56bn by 2030, underscoring the demand for secure and efficient payment solutions.
By addressing gaps in financial infrastructure, PayPal and TerraPay are well-positioned to meet this growing need.
Otto Williams, senior vice president, regional head and general manager, Middle East and Africa, at PayPal said, “The Middle East and Africa are at the forefront of the digital transformation, yet financial barriers still limit growth for many. 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.”
Ani Sane, co-founder and chief business officer at TerraPay said, “Our mission at TerraPay is to create a world where digital transactions are effortless, secure, and accessible to all. 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.”
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