From Yahoo Finance: 2025-04-15 08:03:00

PayPal partners with TerraPay to provide real-time fund transfers in the Middle East and Africa, aiming to enhance economic growth and financial connectivity by linking banks, mobile wallets, and institutions. The collaboration enables PayPal account holders to transfer funds across the region, promoting global digital economy access.

TerraPay’s co-founder emphasizes the goal of effortless, secure digital transactions for all through the partnership with PayPal, facilitating financial access in the Middle East and Africa. The interoperable platform connects various financial systems, enabling seamless transactions on a global scale and driving a new era of digital payments for businesses and individuals.

PayPal’s regional head highlights the collaboration with TerraPay as a means to simplify cross-border transactions for businesses and individuals in the Middle East and Africa, fostering economic opportunity and a more connected financial future. The alliance aims to unlock economic potential and promote inclusivity in the region through secure and frictionless transactions.

Last month, PayPal launched the PayPal Open merchant platform, consolidating all merchant offerings. The platform is set to launch in the US soon, with expansion plans for the UK and Germany in 2022, and a global roll-out scheduled for 2026. This initiative aims to streamline merchant services for a more efficient customer experience.



Read more at Yahoo Finance: PayPal, TerraPay collaborate to enable real-time transfers in MEA