- Ooredoo Fintech and PayPal have partnered to enable seamless transfers between Ooredoo Money wallets and PayPal accounts in Qatar.
- Consumers can shop directly with PayPal’s global merchant network and transfer funds between accounts.
- Small businesses in Qatar can reach international customers and enhance their global presence.
- The collaboration strengthens Ooredoo Fintech’s role as a gateway for Qatar’s SMEs to global markets.
Ooredoo Fintech has announced an innovative partnership with PayPal, a global leader in online payments, marking a significant milestone in the Gulf region’s financial technology sector. This collaboration introduces seamless integration between Ooredoo Money wallets and PayPal accounts, enabling users in Qatar to easily transfer funds and access PayPal’s vast global commerce capabilities.
This partnership is the first of its kind in the Gulf, as PayPal joins forces with a mobile money fintech in the region. It positions Ooredoo Fintech and PayPal at the forefront of driving digital financial inclusion and enhancing cross-border commerce.
Expanding Access to Global Markets
Through this collaboration, Ooredoo Money users, including both consumers and small businesses, can effortlessly connect with international markets. Consumers gain the ability to shop directly from PayPal’s extensive global network of merchants, offering a convenient and secure digital shopping experience.
Small businesses in Qatar can use this partnership to efficiently expand their customer base by reaching international audiences, and enhancing their global reach and competitiveness.
Otto Williams, Regional Head and General Manager for PayPal in the Middle East, Africa, and CIS, highlighted the significance of the partnership. He stated, “Our vision is to make transferring funds between cross-border digital wallets as simple as possible, eliminating unnecessary barriers and delays. Partnering with Ooredoo Fintech allows us to connect Qatar’s consumers with millions of merchants worldwide who accept PayPal. We look forward to launching these services early next year.”
Boosting Qatar’s Economic Diversification
This partnership reflects Ooredoo Fintech’s commitment to supporting Qatar’s economic diversification and digital empowerment. Sheikh Ali Bin Jabor Al Thani, Chairman of Ooredoo Financial Services and CEO of Ooredoo Qatar, emphasized the transformative potential of the collaboration.
He mentioned, “Our partnership with PayPal strengthens Ooredoo Fintech’s role as a gateway to the global economy for Qatar’s SMEs and consumers. By providing unmatched access to international markets and payment solutions, we empower small businesses to connect with new customers abroad while enhancing the digital shopping experience for local consumers.”
The partnership aligns with Qatar’s vision for a more diversified and digitally advanced economy. By enabling small businesses to scale internationally and offering consumers greater flexibility in their transactions, Ooredoo Fintech and PayPal are paving the way for a more inclusive and globally connected financial ecosystem.
Regional Expansion and Innovation
Mirko Giacco, Group CEO of Ooredoo Fintech, shared plans to expand the partnership beyond Qatar. “This collaboration represents a significant step toward extending our services to new markets across the Gulf and the MENA region. We aim to empower consumers and businesses with advanced financial capabilities, reinforcing our position as a leader in fintech innovation,” he said.
The initial launch in Qatar marks just the beginning of this transformative journey. The long-term vision includes expanding these services across the region, offering more consumers and businesses access to enhanced financial tools and connectivity.
Looking Ahead
The partnership between Ooredoo Fintech and PayPal represents a groundbreaking development in the Gulf’s fintech landscape. By simplifying cross-border transactions and enhancing access to global markets, the collaboration provides significant benefits to consumers and small businesses in Qatar.
It also sets the stage for broader regional growth, reinforcing both companies’ commitment to innovation and economic empowerment. As the partnership evolves, it will undoubtedly play a key role in shaping the future of digital payments in the Gulf and beyond.
