PayPal (PYPL) Partners with TerraPay for Faster Payments in the Middle East
Digital payments giant PayPal (PYPL) has joined hands with TerraPay, a global money transfer infrastructure provider, to allow instant international fund transfers for PayPal users throughout the Middle East and Africa. The move seeks to enable faster and easier transactions through better connectivity between banks, mobile wallets, and financial institutions.
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The deal will allow users in the region to link their mobile wallets and bank accounts to PayPal for secure and easy money transfers. This will make international transactions easier, enhance financial connectivity, and boost global business and individual participation.
With this partnership, PYPL aims to benefit from the booming digital payments sector. According to Mordor Intelligence, the digital payments market in the Middle East and North Africa is expected to reach $251.34 billion in 2025 and further expand to $422.56 billion by 2030.
PayPal Expands Crypto Offerings
Apart from expanding payment solutions, PayPal recently increased its cryptocurrency offerings by adding Chainlink (LINK) and Solana (SOL) to its platform. With this move, users can buy, hold, sell, and transfer these tokens directly within their accounts.
The addition of LINK and SOL brings the total number of cryptocurrencies supported by PayPal to seven, including Bitcoin(BTC), Ethereum(ETH), Litecoin (LTC), and Bitcoin Cash (BCH).
Overall, these moves support PayPal’s aim to grow its cryptocurrency presence and offer users safe and reliable digital payment options.
Is PYPL a Buy, Sell, or Hold?
Turning to Wall Street, PYPL stock has a Moderate Buy consensus rating based on 17 Buys and 16 Holds assigned in the last three months. At $42.51, the average PayPal stock price target implies a 42.51% upside potential.
