On Monday, PayPal, a well-known worldwide provider of payment solutions, and e& Enterprise, the company’s digital transformation arm, announced a strategic three-year partnership that will expand the payment options available to businesses in the United Arab Emirates and beyond.
This new agreement guarantees a smooth adoption process for businesses, enabling the PayPal wallet as a payment instrument quickly. It does this by utilising e& enterprise’s unified integration APIs, which enable businesses to incorporate multiple payment instruments through a single, streamlined interface.
By connecting to the e& Enterprise Payments Gateway (EPG) platform, businesses may accept and process PayPal payments without having to undertake complicated IT development work.
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PayPal, e& Enterprise express optimism about their partnership
Miguel Angel Villalonga, Chief Operating Officer, e& enterprise, said: “Digital payments are not only transforming the way businesses operate but are also redefining customer expectations for speed, security, and convenience.
Our collaboration with PayPal is set to provide companies with access to versatile, efficient, and globally recognised payment solutions that are essential, empowering them to compete in the global digital economy and keep pace with these growing demands without the brunt of investing in expensive infrastructure.”
“We’re excited to bring PayPal to e& enterprises’s flagship Payments Gateway, which powers some of the region’s largest enterprises and government services,” said Otto Williams, Regional Head and General Manager for the Middle East, Africa, PayPal “With over 400 million active PayPal accounts over the world, being able to offer a widely recognised and trusted payment option will help businesses meet consumers’ expectations of being able to pay with their preferred method.”
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Benefits of e& Enterprise partnership with PayPal
For many stakeholders, the inclusion of PayPal in the e& Enterprise payments ecosystem offers substantial advantages.
Merchants may increase cross-border payment acceptance and appeal to a wider client base by integrating PayPal.
For businesses in the UAE and the surrounding area trying to contact clients overseas, this is especially advantageous since it promotes cross-border trade and broadens their market reach.
Companies will be able to continue offering their clients dependable and well-known payment methods that offer transparency in every transaction and the chance to support carbon offset programs by enabling customers to monitor each transaction, assess its environmental impact, and make contributions to offsetting carbon footprints through reputable channels or causes.
e& Enterprise expects a surge in electronic exports from merchants thanks to PayPal’s well-established global network, which allows them to benefit from greater approval rates from these cross-border payments, guaranteeing more seamless transactions and increased income.
By integrating PayPal’s well-established product, e& Enterprise’s position as a leader in providing comprehensive payment solutions both domestically and internationally is strengthened. This further expands the capabilities of the EPG platform, enabling businesses to better serve their global clientele and reach a wider audience.