PayPal Holdings, Inc. has announced a landmark investment of Ksh.12.9 billion ($100 million) aimed at accelerating digital growth across the Middle East and Africa. The move highlights the global payment giant’s push to empower entrepreneurship, innovation, and financial inclusion in fast-growing digital economies.
According to a statement issued on Wednesday, September 24, the funds will be channelled through multiple avenues. These include minority investments, acquisitions, PayPal Ventures funding, and the deployment of advanced technology and talent in the region.
“By dedicating a Ksh.12.9 billion investment to this region over the coming years, we’re investing in the technologies, partnerships, and solutions that will help entrepreneurs scale faster, expand their reach beyond borders, and unlock new opportunities for growth in the digital economy,” the company noted.
The commitment follows the launch of PayPal’s first regional hub in Dubai earlier this year. The hub provides businesses with seamless payment solutions, enhanced security tools, and improved access to international markets.
PayPal has already made significant investments in high-growth startups within the region, including Tabby, Paymob, and Stitch. This new funding builds on those efforts, aiming to integrate millions of consumers and businesses into the global digital economy.
Otto Williams, Senior Vice President, Regional Head and General Manager of PayPal MEA, emphasized the company’s long-term vision: “This commitment underscores our dedication to expanding PayPal’s presence in the Middle East and Africa.”
With internet penetration and mobile adoption rapidly increasing, the region presents a fertile ground for digital commerce. PayPal’s investment signals not only confidence in local innovation but also a major opportunity to bridge global markets with African and Middle Eastern entrepreneurs.
As digital transformation accelerates, this initiative could help unlock cross-border trade, create new jobs, and support financial inclusion in emerging markets.
