KKR to purchase PayPal’s European BNPL loans through 2028 under expanded €6bn replenishing commitment
PayPal
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digital payments
PayPal-backed Pine Labs targets $439 million in Mumbai IPO
Digital payments firm Pine Labs aims to raise funds through a public offering, marking one of India’s largest fintech listings this year as investor appetite for digital finance remains strong
ChatGPT
PayPal teams up with OpenAI to power instant checkout in ChatGPT
Starting next year, PayPal buyers and sellers will be able to complete transactions through the most popular AI tool in the world
KHDA
Dubai RTA expands nol card to cover retail, parking and education services
Dubai RTA expands nol card beyond transport, enabling parking, retail and student service payments through deals with KHDA, Parkin and PayPal
digital payments
DP World to collaborate with PayPal on cross-border digital payments
Transactions would be executed in minutes rather than taking up to a week, and complete cross-border payments with greater transparency and lower costs
digital economy
PayPal to invest $100m in Middle East and Africa digital economy
PayPal will invest $100m across the Middle East and Africa to fuel innovation, support entrepreneurs, and expand digital commerce after opening its Dubai hub
Alibaba Group
Saudi’s PIF sold its entire holding in Meta, Shopify, FedEx and Alibaba in Q2
Its biggest three holdings now are Uber, Lucid and Electronic Arts after paring exposure to US market to $23.8 billion
digital commerce
PayPal expands in MEA region with its newly launched hub in Dubai
Will serve 80 countries in Middle East and Africa from its Dubai Internet City hub; Has signed several deals with regional merchants and partners
cross-border payments
PayPal, TerraPay partner to boost real-time digital transfers across Middle East and Africa
The MENA digital payments market, estimated at $251.34 billion in 2025, is expected to reach $422.56 billion by 2030
digital payments
e& enterprise partners with PayPal to expand digital payment options for UAE businesses
This will be particularly beneficial for merchants in the UAE and the region looking to reach customers abroad, driving cross-border commerce and expanding their market reach
crypto
Trump appoints ex PayPal COO David Sacks as AI and crypto czar
The move is seen as another step towards overhauling US policy
Billionaire
Billionaire Peter Thiel signs up to be cryogenically frozen after death for possible future revival
Peter Thiel had co-founded PayPal in 1998 with Elon Musk
Covid-19 pandemic
How digital payments and cross-border business are key enablers for freelancers and SMBs
More than eight in 10 businesses are likely to increase their online presence in the future, and nearly half of them are looking to have their own e-commerce website or app
Arjun Mohan
PayPal co-founder among investors in Dubai start-up
Tenderd has grown to become one of the largest heavy equipment rental marketplaces in the MENA region
Amazon
UAE online spending forecast to reach $9.8bn by end-2018
Report issued by PayPal and Ipsos reveals 81% of adults in UAE shopped online in the past 12 months, up from 68% in 2016
Abu Dhabi
Cross-border online shopping on the rise in UAE, report shows
61 percent of UAE online shoppers bought items from a foreign website in the last 12 months, according to a new report by PayPal and Ipsos
