Archive · 23 Jul 2025
PayPal to launch global platform with India's UPI partnership
Imagine you want to send money to a shop in another country.
PayPal is creating a new way to do this called PayPal World.
This platform will link different payment systems from around the world, making it easier to send money across borders.
It will connect to popular systems like India's UPI.
UPI is a very common way to pay for things in India.
The new platform will launch later this year and more partners will be added in the future.
This means more people can easily pay for goods and services internationally.
PayPal is launching a global platform called PayPal World for cross-border payments.
The platform will connect local payment platforms with PayPal.
Partners include India's UPI, Mercado Pago, Tenpay Global, and Venmo.
UPI dominates India's digital payments, accounting for about 85% of retail transactions.
The platform is expected to launch later this year.
- Who
- PayPal, along with partners such as UPI, Mercado Pago, Tenpay Global, and Venmo.
- What
- PayPal is launching a global platform for cross-border payments.
- When
- The platform is expected to launch later this year.
- Where
- The platform is global, with partnerships including India, Brazil, and others.
- Why
- To enable interoperability between local payment platforms and PayPal for cross-border transactions.
- Platform Name
- PayPal World
- Partners
- UPI, Mercado Pago, Tenpay Global, Venmo
- UPI market share in India
- About 85% of digital payments
- Launch timeline
- Later this year
- Objective
- Cross-border payments