• e& money partners with PayPal in the UAE, enabling instant account linking and withdrawals for faster digital payments.
• Users can move funds from PayPal to e& money wallets instantly, with fixed exchange rates and no hidden fees.
• Future plans include two-way transfers, joining PayPal World, and spending via e& money app, card, or bank accounts.

PayPal

e& money, the fintech arm of e& plans to launch a  partnership with PayPal to introduce account linking and instant withdrawals in the UAE. 

Once live, this collaboration will make e& money a digital wallet that links directly to PayPal. This will give users access to their balances in UAE dirhams (AED) through the e& money app.

“Cross-border commerce depends on fast, reliable payment rails. By joining forces with PayPal, we’ll be eliminating the friction freelancers, creators, and everyday consumers face when bringing their earnings into the local economy. This is what financial inclusion looks like in action: Instant, transparent, and secure,” said Melike Kara, CEO of e& money.

Instant Transfer

When the service becomes available, PayPal customers will be able to  link their accounts to e& money. Thus, enabling them to move funds into their wallets instantly, converting US dollars to AED at a fixed exchange rate with no hidden fees. 

In its second phase, it plans to let users send money from e& money back to PayPal, creating a two-way bridge between the two platforms.

The partnership will bring immediate access to PayPal users: funds will be transferred within moments. This will enable users to spend on bill payments, peer-to-peer transfers, cash out to their bank accounts or spend with the e& money card. Additionally, to ensure transparency, exchange rates will be fixed up-front, and fees disclosed in advance.

The ability to make instant withdrawals will be particularly useful to the UAE’s  growing freelancers and digital creators community. At the national level this partnership aims to support the UAE’s financial inclusion agenda and shift toward a cashless economy. It also aligns with the country’s digital economy strategy and its target for the digital economy to reach 19.4 percent of GDP by 2031.