Sharikat Mubasher: PayPal has announced a $100 million investment to drive digital commerce growth across the Middle East and Africa (MEA), focusing on startups, technology, and regional partnerships.

As per the company’s press release, the funding will be channeled into minority investments, acquisitions, and PayPal Ventures projects aimed at helping entrepreneurs scale and bringing more consumers into the digital economy.

The move follows the April opening of PayPal’s first regional hub in Dubai, which provides merchants with secure payments and greater access to international markets. The company has already backed leading regional players such as Tabby, Paymob, and Stitch.

Alex Chriss, the CEO, said the commitment reflects PayPal’s confidence in the region’s rapidly evolving business landscape, while Otto Williams, the regional head, emphasized plans to strengthen ties between local enterprises and global commerce networks.