PayPal has entered into a partnership with NEO PAY, a UAE-based digital payments provider.
The collaboration allows merchants across the UAE to accept PayPal payments, providing a secure method for consumers to pay online.
The integration with NEO PAY’s acquiring infrastructure is expected to simplify merchant onboarding, particularly benefiting SMEs seeking access to international markets.
SMEs account for 94% of businesses in the UAE and contribute over half of the country’s GDP.
“The UAE is a vibrant and digitally forward economy with a rapidly expanding e-commerce landscape and a strong appetite for financial innovation,”
said Otto Williams, Senior Vice President, Regional Head and General Manager, Middle East and Africa, at PayPal.
“Deepening our presence through this partnership with NEO PAY is a critical step in our regional growth strategy. By integrating PayPal, merchants, especially SMEs, can better serve today’s digital-first consumers and scale with confidence.”
NEO PAY provides secure and scalable payment solutions designed for modern commerce.
“We at NEO PAY are thrilled to partner with PayPal on the acceptance of digital wallets across our e-commerce merchant network,”
said Vibhor Mundhada, CEO of NEO PAY.
“This partnership allows us to provide secure, trusted, and globally recognised payment options, enhancing the checkout experience and supporting our merchants’ growth across borders.”
The collaboration aims to support UAE businesses, facilitate cross-border trade, and contribute to the country’s ongoing digital transformation.
Featured image credit: NEO PAY
