News

Wisk Aero Unveils Four-Seat Autonomous Air Taxi

The Boeing-backed startup hopes that with FAA certification, it will soon be able to launch a viable air taxi service.

Published

3 years ago

October 5, 2022

Nour Nasir

Wisk Aero

Wisk Aero may not yet be a household name, but the company has been around since 2019, and has just unveiled its 6th generation aircraft — a small electric 4-seat machine that can fly without any form of human intervention.

The company was originally a joint venture involving Boeing, and the now defunct flying taxi startup Kitty Hawk, initially funded by Google co-founder Larry Page. The Wisk plane is currently seeking FAA approval for passenger testing and will be the first ever electric vertical takeoff and landing (eVTOL) plane to receive certification.

Wisk’s latest design is unusual, featuring 6 five-bladed front rotors that can be tilted horizontally or vertically and the same arrangement at the rear (albeit two-bladed and fixed vertically). The plane has a cruising speed of 120 knots, combined with a 90-mile (140KM) range, and flies at a low altitude of 2.5 to 4 thousand feet.

So what does the future hold for Wisk’s autonomous air taxi? Eventually, the company hopes that clients will be able to hail the aircraft via a bespoke app, in a similar manner to an Uber. The plane will take off and land vertically, making it perfect for city applications, where it could easily launch and land from the rooftops of high-rise buildings.

Also Read: Airbus Has Revealed Its CityAirbus NextGen Flying Taxi

Weight remains a big issue for electric aircraft, due to the hefty mass of the batteries that need to be carried. Aviation fuel has a far better power-to-weight ratio than even the most modern lithium-ion batteries, so it remains tricky to make aircraft like Wisk’s viable. Wisk Aero has made encouraging progress so far and maintains the ambitious goal of carrying out 14 million taxi journeys in 20 global markets over the next five years.

News

PayPal & TerraPay Join Forces For Cross-Border MENA Payments

The collaboration will be especially helpful in regions where traditional banking infrastructure is limited or inconsistent.

Published

12 hours ago

April 15, 2025

Nour Nasir

paypal and terrapay join forces for cross-border mena payments

PayPal has teamed up with TerraPay to improve cross-border payments across the Middle East and Africa. The move is designed to make it easier and faster for users to send and receive money internationally, especially in regions where traditional banking infrastructure can be limited or inconsistent.

The partnership connects PayPal’s digital payments ecosystem with TerraPay’s global money transfer network. The goal is to streamline real-time transfers between banks, mobile wallets, and financial institutions, significantly improving access for millions of users looking to move money securely and efficiently.

Through the partnership, users will be able to link their PayPal accounts to local banks and mobile wallets using TerraPay’s platform. This means faster transactions and fewer barriers for individuals and businesses across the region.

“The Middle East and Africa are at the forefront of the digital transformation, yet financial barriers still limit growth for many,” said Otto Williams, Senior Vice President, Regional Head and General Manager, Middle East and Africa at PayPal. “At PayPal, we’re committed to changing that […] Together, we’re helping unlock economic opportunity and build a more connected, inclusive financial future”.

For TerraPay, the deal is a chance to scale its reach while reinforcing its mission of frictionless digital transactions.

“Our mission at TerraPay is to create a world where digital transactions are effortless, secure, and accessible to all,” said Ani Sane, Co-Founder and Chief Business Officer at TerraPay. He added that the partnership is a major milestone for enhancing financial access in the Middle East and Africa, helping businesses grow and users move funds with fewer limitations.

Also Read: A Guide To Digital Payment Methods In The Middle East

The integration also aims to support financial inclusion in a region where access to global banking tools is still uneven. With interoperability at the core, TerraPay can bridge the gap between different financial systems — whether that’s a mobile wallet or a traditional bank — making it easier to send money, pay for services, or grow a business across borders.

As the demand for cross-border payment options continues to rise, both PayPal and TerraPay are doubling down on their commitment to provide reliable, secure, and forward-looking financial tools for the region.