Dubai successfully attracts the largest global companies in the field of financial technologies, contributing to the development of local startups. Accelerators and innovation labs have been launched, including the SandBox lab for testing new solutions.
Last week, Sheikh Ahmed bin Saeed Al Maktoum, the senior leadership and General Director of Emirates Group, met with PayPal's chief marketing officer - Suzanne Keri, at the Emirates Group office. The parties discussed the prospects for developing relations, which have been ongoing for more than 15 years, and also strengthening collaboration in the field of digital payments.
Currently, Emirates airline offers the possibility of payment through PayPal on its website in 34 countries. Last year was excellent for the company in terms of PayPal usage, both in user numbers and in the frequency of transactions and transaction volumes.
Recently, PayPal opened its first regional office in Dubai to support more users and companies in the Middle East and Africa region, enhancing their capabilities in the field of trade and helping companies of any size expand into global markets.
Dubai's development as a global financial technology hub is gaining momentum thanks to its strategic location, supporting business policies, and modern financial infrastructure.
