– His highness congratulates PayPal for the opening of his new regional center in Dubai Internet City
His highness Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, first attached ruler of Dubai, VicePrimer Minister, and Minister of the EAU, today with Suzan Kerereke, president of Global Markypal Forms.
Duration at the meeting, his highness congratulated PayPal for the opening of his new regional center in Dubai Internet City and affirmed Dubai’s commitment to support his continuous growth and success in the region. The new center will serve as a PayPal operational base for 80 countries in the Middle East and Africa.
Sheikh Maktoum also highlighted the vision of the EAU to be a leading player to accelerate global change towards a digital economy. His highness stressed Dubai’s ambition to create a dynamic and resistant financial ecosystem that fosters innovation, safeguard confidence and unlocks opportunities through borders. The discussions explored the ways for associations in digital payment systems, support the growth of SMEs and electronic commerce, and the improvement of cross -border financial connectivity, the capitalization of the EAU strengths in the industry.
His highness pointed out that the advanced regulatory environment of Dubai and digital infrastructure prepared for the future have made it an ideal basis for global financial institutions that seek to expand high growth emerging markets in the region. The growing operations of PayPal in the region, using Dubai as a base, reflect the growing stature of the city as a center for the financial services of the next general generos and their progress to become one of the four main financial centers in the world under the D33 economic agenda of Dubai, he added.
Founded in 1998, PayPal serves more than 430 million customers in more than 200 markets, allowing digital transactions without problems and safe. The company prosecuted almost $ 1.7 billion in payment volume and registered $ 31.8 billion in net income in 2024.
The meeting was attended by his excellence Helal Almbari, general director of the Department of Economy and Tourism of Dubai; His excellence Hesham Al Qassim, vice president and managing director of Emirates NBD; And his Excellence Malek to the Malek, President or Grupo Tecom.
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