PayPal has announced a substantial $100 million investment commitment for the Middle East and Africa, aiming to propel digital commerce and support local innovation in these rapidly expanding markets over the next few years.

• The $100 million investment will be deployed through acquisitions, minority stakes via PayPal Ventures, and increased personnel and technology in the region.
• President and CEO Alex Chriss stated this move responds to the region's "explosive growth," helping entrepreneurs scale and expand digitally.
• This commitment follows PayPal’s establishment of its first regional hub in Dubai in April, serving as a gateway to connect local businesses with its global platform.
• PayPal Ventures has already invested in regional startups like Tabby, Paymob, and Stitch, with this new pledge signifying a move towards more substantial, long-term partnerships.
• The core objective is to integrate millions of new consumers and businesses into the formal digital economy, strengthening connections between local businesses and the global marketplace.