PayPal has announced a $100 million investment to accelerate the growth of the digital economy in the Middle East and Africa, with a focus on supporting entrepreneurs, scaling businesses and fostering innovation. The initiative is designed to drive inclusive economic growth by expanding access to digital services for millions of consumers and companies across the two regions. The commitment will take multiple forms, including minority investments, acquisitions and funding through PayPal Ventures, as well as new personnel and technology deployments. According to the company, the funds will create opportunities for innovators, help local businesses expand and strengthen ties between regional markets and the global economy. The announcement follows the April launch of PayPal’s first regional hub in Dubai, which was established to streamline payment services, enhance security and provide businesses with greater access to international markets. The new investment also builds on PayPal Ventures’ previous regional commitments, which include backing startups such as Tabby, Paymob, and Stitch.

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