Ooredoo Fintech, a leading digital financial services provider in MENA, has announced plans to collaborate with PayPal (NASDAQ: PYPL) by joining PayPal World, a new global payments platform uniting the world’s largest payment systems and digital wallets.
The partnership will connect Ooredoo Wallet users to nearly two billion global consumers, enabling seamless international money transfers, online and in-store shopping, and AI-powered payment experiences. Consumers will gain access to millions of merchants worldwide, while businesses will benefit from expanded market reach, more payment options, and automatic support for new digital wallets without additional development.
Mirko Giacco, CEO of Ooredoo Fintech, stated: “We have empowered the masses with digital finance in Qatar and extended this model to Oman and the Maldives, with more markets to come. Partnering with PayPal perfectly aligns with our mission to provide consumers and merchants with global access through their local wallets.”
Alex Chriss, President and CEO of PayPal, added: “PayPal World is a first-of-its-kind ecosystem that simplifies the complexities of cross-border payments. By bringing together leading wallets and payment systems, we’re opening new opportunities for nearly two billion consumers and businesses worldwide.”
The collaboration strengthens Ooredoo Fintech’s role as a regional leader in digital finance, broadening wallet use cases and supporting global commerce. By combining Ooredoo’s regional expertise with PayPal’s trusted global infrastructure, the initiative aims to create a more connected, inclusive, and practical financial ecosystem for individuals and small businesses across the region.
This announcement also includes forward-looking statements about PayPal World’s launch and impact, highlighting potential regulatory, competitive, and operational risks that could affect the initiative’s rollout and adoption.
