The American online payment service company, Paypal, will commit 100 million dollars to accelerate growth digital in the Middle East and Africa. The objective of this investment is “to stimulate innovation, support entrepreneurs and promote inclusive economic growth in one of the regions of the world where trade Digital is experiencing the strongest growth.”

PayPal announces a commitment of USD 100 million to support innovation and economic inclusion in Middle East and Africa. The investment will combine equity investments minorities, acquisitions, financing via PayPal Ventures and deployments technological.

Alex Chriss, managing director, points out that this initiative aims to help entrepreneurs 'expand across borders and seize new growth opportunities in the digital economy'.

This decision comes after the opening in April of the first regional hub in Dubai, designed to facilitate access to markets international and to strengthen the security of payments.

The commitment complements the investments already made made in local start-ups like Tabby, Paymob and Stitch. Otto Williams, regional manager, says the aim is to expand the PayPal footprint and further connect local businesses to the market global.