PayPal, a global digital payments and commerce platform, has a strategic partnership with TerraPay, a leading global money movement company. This collaboration aims to enable real-time fund transfers for PayPal customers across the Middle East and Africa. The initiative is designed to drive economic growth by facilitating faster, user-friendly, and more accessible cross-border transactions by connecting various banks, mobile wallets, and financial institutions.

According to Mordor Intelligence, the digital payments market in the MENA region is projected to reach $251.34 billion USD in 2025 and is expected to grow to $422.56 billion USD by 2030. This partnership addresses critical gaps in financial connectivity and infrastructure readiness, allowing millions of individuals and businesses to engage more effectively in the global economy. Through secure PayPal account linking, TerraPay will enable users of mobile wallets and banks in the region to transfer funds seamlessly to their PayPal accounts.

The partnership will enhance accessibility for customers by enabling secure account linking and seamless fund transfers from mobile wallets and banks to PayPal. It will also expand financial connectivity, allowing millions to transact internationally with ease, and promote greater financial inclusion, enabling both businesses and individuals to participate more effectively in the global digital economy.

As the demand for cross-border payments continues to rise across the region, both PayPal and TerraPay are dedicated to providing innovative, secure, and convenient financial solutions that empower individuals and businesses in an increasingly interconnected world.