PayPal, a leading digital payments and commerce platform, and TerraPay have entered into a strategic partnership to expand access to cross-border payments across Middle East and Africa.
This collaboration aims to drive economic growth by facilitating seamless cross-border transactions by connecting banks, mobile wallets, and financial institutions.
As the demand for quicker, secure, and efficient payment solutions surges, this partnership addresses the need by enhancing financial connectivity and infrastructure readiness, enabling millions of individuals and businesses to engage more fully in the global economy.
Through secure PayPal account linking, TerraPay will serve as an enabler, allowing mobile wallet and bank users across the region to seamlessly transfer funds to their PayPal accounts.
Otto Williams Senior Vice President, Regional Head and General Manager, MEA – PayPal
“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.”
This strategic partnership will ensure improved 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 seamlessly make international transaction.
Enhanced 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. 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,” added Ani Sane, Co-Founder and Chief Business Officer at TerraPay.
PayPal and TerraPay remain committed to providing innovative, secure, and convenient financial solutions, empowering businesses and individuals to thrive in a rapidly evolving digital world.
