Global payments giant PayPal Holdings, Inc. (NASDAQ: PYPL) has announced a $100 million investment commitment across the Middle East and Africa, a move expected to benefit Kenya’s fast-growing digital commerce sector.
The investment, which will be rolled out over the coming years, will support entrepreneurs, fuel innovation, and drive inclusive economic growth in one of the world’s fastest-expanding regions for digital trade. PayPal said the funds will be deployed through a mix of minority investments, acquisitions, PayPal Ventures funding, talent development, and technology deployments.
“The Middle East and Africa are home to some of the most dynamic and rapidly evolving businesses in the world,” Alex Chriss, President and CEO, PayPal, said.
“By dedicating a $100 million investment to this region over the coming years, we’re investing in the technologies, partnerships, and solutions that will help entrepreneurs scale faster, expand their reach beyond borders, and unlock new opportunities for growth in the digital economy.”
The aim is to help local businesses scale, open new opportunities for innovators, and expand access for millions of consumers and communities to the digital economy.
The announcement follows PayPal’s April launch of its first regional hub in Dubai, designed as a gateway to provide businesses — from large enterprises to small merchants — with secure, frictionless payments and greater access to international markets.
“This commitment underscores our dedication to expanding PayPal’s presence in the Middle East and Africa, and our focus is to build stronger connections between local businesses and the global marketplace,” said Otto Williams, Senior Vice President, Regional Head, and General Manager of PayPal Middle East and Africa.
“We’re focused on expanding our footprint in the region and ensuring millions of consumers and businesses can access more of the digital services they need to thrive.”
For Kenya, which already hosts one of Africa’s most dynamic fintech ecosystems, the investment could provide new opportunities for startups and small businesses seeking to expand beyond their borders. PayPal Ventures has previously backed several African fintech companies, including Tabby, Paymob, and Stitch, demonstrating its interest in the region’s emerging technology landscape.
The $100 million commitment also underscores PayPal’s intention to deepen its footprint in the Middle East and Africa while connecting local businesses more closely with global commerce networks.
