Doha, November 19 (QNA) - Ooredoo Fintech and PayPal announced Tuesday a new strategic partnership enabling their Ooredoo Money users in Qatar to seamlessly transfer funds between their wallets and PayPal accounts, and access PayPals global commerce capabilities.

This collaboration marks the first time that global payments leader PayPal has partnered with a mobile money fintech in the Gulf region.

Through this partnership, Ooredoo Moneys consumers and small businesses in Qatar gain seamless access to global markets. Consumers can shop directly with PayPals worldwide network of merchants and enjoy the flexibility to transfer funds between their PayPal and Ooredoo Money wallets. Small businesses can efficiently reach new international customers, enhancing their global reach.

Ooredoo Financial Services Chairman and Ooredoo Qatar CEO Sheikh Ali bin Jabor Al-Thani said the partnership enhances Ooredoo Fintechs role as a gateway to the global economy for Qatars SMEs and consumers.

"This partnership allows us to offer unmatched access to international markets and payment solutions, helping small businesses in Qatar reach new customers abroad while enhancing the digital shopping experience for local consumers.

"Together, were building a fintech ecosystem that aligns with Qatars vision for economic diversification and digital empowerment." PayPals Regional Head and General Manager for the Middle East, Africa and CIS Otto Williams said "Our partnership with Ooredoo Fintech will help us expand access to PayPals global network, connecting Qatar consumers with millions of merchants around the world who accept PayPal. We are excited to launch our joint services with Ooredoo Money in Qatar early next year." Meanwhile, Ooredoo Fintech Group CEO Mirko Giacco SAID: "Our collaboration with PayPal represents a significant step toward extending our services to new markets across the region".

"Were excited to expand this partnership beyond Qatar to empower consumers and businesses across the Gulf and MENA region with advanced financial capabilities, further strengthening our position as a regional leader in fintech innovation." This partnership aims to enhance cross-border commerce with an initial launch in Qatar, and expand these services across the region, empowering more consumers and businesses with advanced financial capabilities and global connectivity. (QNA)