PayPal has announced PayPal World in partnership with world’s largest payment systems and digital wallets including NPCI International Payments Limited (UPI) for cross-border payments. Other partners are Mercado Pago in Latin America, Tenpay Global in China and Venmo in the US.
The new platform intends to address this by allowing consumers to use their preferred domestic payment system or digital wallet, denominated in their local currency, for international shopping.
With this, a UPI user in India wishing to purchase items from a U.S. online store could select the UPI option at checkout via the PayPal button.
The initial phase will focus on interoperability with PayPal and Venmo, with the combined launch partners representing an estimated two billion users worldwide.
This seeks to streamline international money transfers and shopping experiences, both online and in physical stores, and integrate with future AI agent commerce. Businesses that currently accept PayPal are anticipated to gain access to a significantly expanded customer base of nearly two billion users without requiring additional technological integration.
PayPal World is expected to begin its rollout starting fall 2025, with an initial focus on connecting partner wallets with PayPal and Venmo.
Regarding this, Alex Chriss, President and CEO of PayPal, said:
PayPal World is a first-of-its-kind payments ecosystem that will bring together many of the world’s largest payment systems and digital wallets on a single platform. It is testament to the passion our partners share for an inclusive, global digital economy and has the potential to revolutionize cross-border commerce
The challenge of moving money across borders is incredibly complex, and yet this platform will make it so simple for nearly two billion consumers and businesses. We believe the changes we are announcing today have the potential to be a real game changer over time. We can’t wait to welcome many more global partners, wallets, and their users soon.
Ritesh Shukla, Managing Director and CEO of NPCI International Payments Limited, said:
The integration of UPI on PayPal World’s platform will mark a significant step in expanding UPI’s global footprint. It aligns with our vision to make cross-border payments more seamless, secure, and inclusive. This collaboration will enhance convenience for Indian users making payments abroad and enable global businesses and merchants to tap into a growing base of UPI users.