e money, the fintech arm of e , has announced 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 the country's first and only digital wallet that links directly to PayPal, giving users access to their balances in UAE dirhams AED through the e money app.
When the service becomes available, PayPal customers will be able to link their accounts to e money and move funds into their wallets instantly, converting US dollars to AED at a fixed exchange rate with no hidden fees. A second phase is planned that will let users send money from e money back to PayPal, creating a two-way bridge between the two platforms. As part of this roadmap, e also intends to join PayPal World - a series of global partnerships connecting many of the world's largest payment systems and digital wallets on a single platform.
"The UAE continues to stand out as one of the world's most dynamic markets for digital innovation. Partnering with e demonstrates PayPal's commitment to fuelling growth and opportunity for the future. By combining our global network and trusted capabilities with e 's regional leadership, we're empowering people and businesses to shop, send money, and transact across borders with greater ease than ever before."
