PayPal and TerraPay Partner to Expand Access to Cross-Border Payments across Middle East and Africa

"The Middle East and Africa are at the forefront of the digital transformation, yet financial barriers still limit growth for many," said Otto Williams, Senior Vice President, Regional Head and General Manager, Middle East and Africa, at PayPal. "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 collaboration will provide enhanced accessibility for customers by facilitating:

"Our mission at TerraPay is to create a world where digital transactions are effortless, secure, and accessible to all," said Ani Sane, Co-Founder and Chief Business Officer at TerraPay. "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."

As the demand for cross-border payments continues to grow across the region, PayPal and TerraPay remain committed to delivering innovative, secure, and convenient financial solutions that empower businesses and individuals to thrive in an increasingly connected world.

About PayPal 

PayPal has been revolutionizing commerce globally for more than 25 years. The company creates innovative experiences that make moving money, selling, and shopping simple, personalized, and secure. PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. For more information, visit https://www.paypal.com, https://about.pypl.com/ and https://investor.pypl.com/.

About TerraPay

TerraPay simplifies global money movement, providing a single connection to one of the most expansive cross-border payment networks regulated in over 30 global markets. The platform enables payments to 144+ receiving countries, 210+ sending countries, over 3.7 billion mobile wallets, 7.5 billion bank accounts, and more than 12 billion cards. TerraPay is on a mission to create a borderless financial world, making money transfers instant, reliable, transparent, and fully compliant.

¹ https://www.mordorintelligence.com/industry-reports/middle-east-and-north-africa-digital-payments-market 

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