A Game-Changer for UAE Finances: e& money and PayPal Enable Instant AED Withdrawals
For years, freelancers, digital entrepreneurs, and online businesses across the UAE have faced ongoing challenges when transferring international earnings into local currency. Lengthy processing times, unclear fees, and complex banking steps often made cash flow management unnecessarily difficult.
That reality is now changing — and it’s a major win for the UAE’s digital economy.
SINGIRI AUDITING is pleased to share an important development that will significantly impact freelancers, e-commerce businesses, and PayPal users across the country. As of 15 October 2025, e& money, the fintech arm of e&, has officially launched the UAE’s first digital wallet directly linked to PayPal, allowing instant withdrawals in UAE Dirhams (AED).
This partnership represents more than just convenience — it’s a fundamental improvement in how money moves into the UAE.
What Does This Mean for You?
The new PayPal–e& money integration directly solves many of the long-standing issues faced by PayPal users. By linking your PayPal account to the e& money app, you can now withdraw funds instantly in AED, without relying on traditional bank transfers.
Key Benefits at a Glance
✔ Instant Access to Funds
No more waiting days for international transfers. PayPal balances can now be moved to your e& money wallet within seconds — anytime, 24/7.
✔ Transparent Fees & Exchange Rates
All charges and exchange rates are clearly displayed upfront, eliminating hidden fees and helping users plan their finances with confidence.
✔ Simplified Money Management
Once funds reach your e& money wallet, they can be used immediately for bill payments, peer-to-peer transfers, ATM withdrawals, or card purchases — all within one app.
Who Benefits the Most?
At SINGIRI AUDITING, we see this development as especially impactful for the following groups:
Freelancers & Digital Creators
Professionals receiving payments from international clients or platforms like PayPal, Upwork, or direct overseas customers can now enjoy faster access to their earnings and improved cash flow.
Small Businesses & E-commerce Sellers
UAE-based businesses selling globally can repatriate PayPal revenues quickly and transparently, making revenue tracking and financial planning far more efficient.
Everyday Consumers
Individuals receiving money from family abroad or shopping online internationally will benefit from a smoother and faster payment experience.
A Phased Rollout with More to Come
This launch represents Phase One of the partnership. At present, users can transfer funds from PayPal to e& money.
A second phase is already planned, which will allow two-way transfers, enabling users to send money from their e& money wallet back to PayPal — offering even greater flexibility for cross-border transactions.
Melike Kara, CEO of e& money, highlighted the importance of the collaboration:
“Cross-border commerce depends on fast, reliable payment rails. By partnering with PayPal, we are eliminating friction for freelancers, creators, and consumers bringing earnings into the local economy.”
PayPal also emphasized that the partnership empowers individuals and businesses to transact across borders more efficiently than ever before.
The SINGIRI AUDITING Perspective
From an accounting and auditing standpoint, this is a highly positive development. Faster access to funds improves cash flow, while transparent exchange rates simplify bookkeeping, income tracking, and financial reporting.
This initiative aligns strongly with the UAE’s vision of building a cashless, digitally connected economy, and it provides businesses with better tools to operate efficiently in a global marketplace.
As financial regulations and payment systems evolve, staying informed is essential — and that’s where professional guidance makes a difference.
Need Support Managing Your Business Finances?
Whether you’re a freelancer receiving international payments, a startup scaling globally, or an established business seeking better cash flow control, SINGIRI AUDITING is here to help.
Our expert team provides:
Accounting & bookkeeping services
Auditing & compliance support
Financial advisory for growing businesses
Contact SINGIRI AUDITING today to ensure your finances are structured, compliant, and optimised — making the most of the new digital tools available in the UAE.
