A Milestone Partnership to Expand Digital Payment Solutions
Ooredoo Fintech and PayPal have announced a groundbreaking partnership that allows Ooredoo Money users in Qatar to transfer funds seamlessly between their wallets and PayPal accounts, unlocking access to PayPal’s global commerce network. This collaboration marks the first time PayPal has partnered with a mobile money fintech in the GCC region.
Seamless Access to Global Markets for Consumers and Small Businesses
Through this strategic alliance, Ooredoo Money users in Qatar, including consumers and small businesses, will gain seamless access to international markets. Consumers can now shop directly with PayPal’s worldwide network of merchants, and the flexibility to transfer funds between their PayPal and Ooredoo Money wallets will enhance their global shopping experience. For small businesses, the partnership provides an opportunity to efficiently reach new international customers and expand their global presence.
PayPal’s Vision for Global Connectivity
Otto Williams, PayPal’s Regional Head and General Manager for the Middle East, Africa, and CIS, shared his excitement about the collaboration, stating, “Our vision is to make cross-border money transfers between digital wallets as easy as possible, removing friction and delays. This partnership with Ooredoo Fintech allows us to expand access to PayPal’s global network, connecting Qatar consumers to millions of merchants around the world. We are excited to launch these services with Ooredoo Money in Qatar early next year.”
Strengthening Qatar’s Role in the Global Economy
Sheikh Ali Bin Jabor al-Thani, Chairman of Ooredoo Financial Services and CEO of Ooredoo Qatar, emphasized the strategic importance of the partnership: “This collaboration with PayPal strengthens Ooredoo Fintech’s role as a gateway to the global economy for Qatar’s SMEs and consumers. It allows us to offer unmatched access to international markets, helping small businesses in Qatar reach new customers abroad and enhancing the digital shopping experience for local consumers. Together, we’re building a fintech ecosystem that aligns with Qatar’s vision for economic diversification and digital empowerment.”
Expanding Across the Gulf and MENA Region
Mirko Giacco, Group CEO of Ooredoo Fintech, added, “Our collaboration with PayPal represents a significant step in extending our services to new markets across the region. We’re excited to expand this partnership beyond Qatar, empowering consumers and businesses throughout the Gulf and MENA region with advanced financial capabilities. This partnership further strengthens our position as a leader in fintech innovation.”
A Promising Future for Cross-Border Commerce
This partnership is a major milestone for both Ooredoo Fintech and PayPal, with an initial launch in Qatar planned for early next year. Both companies aim to expand these services across the region, empowering more consumers and businesses with advanced financial capabilities and global connectivity, ultimately enhancing cross-border commerce in the MENA region.
