Archive · 23 Jul 2025
PayPal Launches Cross-Border Payment Platform With NPCI, Others
PayPal is creating a new way to send money across countries.
They're teaming up with companies like India's NPCI, which runs a popular payment system called UPI.
The new platform is called PayPal World and it will let different payment systems talk to each other.
India is also talking to other countries in places like Africa and South America about setting up similar systems.
In India, UPI is super popular, handling most digital money transfers and growing quickly.
PayPal partners with India’s NPCI and others to launch a cross-border payment platform.
The platform, called PayPal World, will enable interoperability.
Partners include NPCI, Mercado Pago, Tenpay Global, and Venmo.
India is discussing similar digital payment systems with African and South American countries.
UPI drives 83% of digital transactions in India, with usage increasing significantly.
- Who
- PayPal, NPCI, Mercado Pago, Tenpay Global, and Venmo are involved.
- What
- PayPal is launching a global platform for cross-border payments.
- When
- The platform is expected to launch later this year.
- Where
- The platform will be global, with initial partnerships in India and Brazil.
- Why
- To enable interoperability between local payment systems and PayPal.
- Platform Name
- PayPal World
- Key Partners
- NPCI, Mercado Pago, Tenpay Global, Venmo
- Primary Function
- Cross-border payments
- UPI's share of digital transactions in India
- 83%
- UPI usage increase (2021-2024)
- 4.4 times