Maktoum greets PayPal on opening its new hub in Dubai Internet City

Sheikh Maktoum highlights UAE's vision to be a leading player in accelerating the global shift towards a digital economy

- WAM

Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance of the UAE, on Wednesday met with Suzan Kereere, President, Global Markets at PayPal, one of the world’s leading digital payment platforms.

During the meeting, Sheikh Maktoum congratulated PayPal on the opening of its new regional hub in Dubai Internet City and affirmed Dubai's commitment to supporting its continued growth and success in the region. The new hub will serve as PayPal's operational base for 80 countries across the Middle East and Africa.

Sheikh Maktoum also highlighted the UAE's vision to be a leading player in accelerating the global shift towards a digital economy. He underscored Dubai’s ambition to create a dynamic and resilient financial ecosystem that fosters innovation, safeguards trust, and unlocks opportunity across borders. Discussions explored avenues for partnerships in digital payment systems, supporting the growth of SMEs and e-commerce, and enhancing cross-border financial connectivity, capitalising on the UAE's strengths in the industry.