e& money, the fintech branch of e&, has announced a new partnership with PayPal to introduce account linking and instant withdrawals in the UAE. This collaboration will enable PayPal users to directly link their accounts to e& money, accessing their balances in UAE dirhams (AED) via the e& money app. Users can instantly transfer funds from PayPal to their digital wallets, converting US dollars to AED at a stable exchange rate.
The second phase will support two-way transfers, allowing users to send money from e& money back to PayPal. Additionally, e& plans to join PayPal World, a network that connects top payment systems and digital wallets globally.
Melike Kara, CEO of e& money, stated that the partnership’s goal is to ease cross-border commerce and enhance earning access for freelancers and digital creators. “Collaborating with PayPal will remove the barriers freelancers, creators, and consumers face when integrating their earnings into the local economy.”
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This new feature will allow PayPal funds to be transferred around the clock, for bill payments, peer-to-peer transfers, cash withdrawals, or spending via a money card.
The partnership is poised to benefit the UAE’s expanding freelancer and digital creator communities by improving cash flow and reducing dependency on expensive third-party services. Additionally, it allows consumers to spend their PayPal balances locally without the delays of traditional bank-clearing processes.
