Archive · 23 Jul 2025
PayPal Launches Cross-Border Payment Platform with UPI Integration
PayPal is creating a new system called PayPal World that will let people easily send money across borders to businesses.
This system will connect with popular payment systems like India's UPI, which is used by many people.
It will also work with other payment services like Mercado Pago, Tenpay Global and Venmo.
Because of this, more people around the world will be able to use India's UPI system.
The new platform is expected to start later this year.
PayPal is launching a global platform for cross-border payments.
The platform, PayPal World, will connect local payment platforms with PayPal.
Partners include NPCI (India's UPI operator), Mercado Pago, Tenpay Global, and Venmo.
UPI accounts for approximately 85% of India's digital payments.
The platform aims to expand UPI's global presence.
- Who
- PayPal, along with partners including NPCI (India), Mercado Pago, Tenpay Global, and Venmo.
- What
- PayPal is launching a cross-border payment platform called PayPal World.
- When
- Expected to go live later this year.
- Where
- Global, with a focus on connecting to payment systems in India and other regions.
- Why
- To facilitate cross-border payments for businesses and expand the global reach of UPI.
- Platform Name
- PayPal World
- Partners
- NPCI, Mercado Pago, Tenpay Global, Venmo
- Primary Feature
- Cross-border payments
- Focus
- Connecting local payment platforms to PayPal
- UPI Market Share (India)
- Approximately 85%