PayPal Unveils 'PayPal World': A Global Platform for Cross-Border Digital Payments

PayPal's Upcoming Platform Will Let You Make Payments Abroad Easily

NPCI, Venmo, and Tenpay Global have partnered with PayPal for this PayPal on Wednesday announced a partnership with National Payments Corporation of India (NPCI) International Payments Limited and other global payment systems to build a new platform that will support cross-border transactions. Dubbed PayPal World, it will be a technology-agnostic platform that connects to all partnering payment systems. The San Jose, California-based company said it will create a multi-region deployment architecture for the platform that will be cloud native. PayPal World is scheduled to be launched later this year, and in the initial phase, the focus is on creating interoperability between PayPal and Venmo. In a newsroom post, PayPal announced its partnership with India's NCPI International Payments Limited which operates the Unified Payments Interface (UPI), China's Tenpay Global, and US-based Venmo. Additionally, the fintech giant has also signed an memorandum of understanding (MoU) with Argentina-based Mercado Pago, which offers card and mobile payments across Latin America. PayPal is working on the final details of the agreement. The post mentioned that at present, making internation payments is a hassle, and the space struggles with barriers such as transaction fees, delays in receiving money, and the need to opt for an international payment method. Highlighting the consumer-side benefits with PayPal World, the company said users will be able to shop internationally online, in-store, and via AI agents. The latter includes usage of AI agents to make autonomous purchases online. The platform will also support peer-to-peer (P2P) transactions. Highlighting an example of consumer-based use case, the company said a UPI user in India will be able to buy products from an online store in the US by clicking on the PayPal button at checkout. The button will show an option to pay via UPI, that they can use to complete the transaction. Notably, the platform will start with P2P support, and in 2026, it will let Venmo users shop at millions of global merchants that accept PayPal. It is unclear when other partners will be integrated. Explaining the tech stack of the platform, the company said that PayPal World will use open commerce application programming interfaces (APIs) to offer cross-border transactions with a cloud native, multi-region deployment architecture. The platform will have low latency to ensure payments go through instantly. Additionally, the platform will also be made compatible with latest technologies such as dynamic payment buttons and stablecoin.

PayPal unveils integration with domestic wallets across the world

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Connecting nearly two billion users globally, launch partners include Mercado Pago, NPCI International Payments Limited (UPI), PayPal, Tenpay Global, and Venmo. The new initiative, dubbed Paypal World, will connect domestic wallets to millions of more businesses around the globe, transforming the way people send money, shop online, in-store, and with AI agents across borders. The firm cites as an example a UPI user in the US who merely needs to click on the PayPal button at checkout to pull up the UPI button and complete the transaction using their local wallet Alex Chriss, president and CEO of PayPal, says: "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." Leveraging open commerce APIs, PayPal World is expected to go live beginning this fall with all partners interoperable with PayPal and Venmo. PayPal and Venmo will also become seamlessly interoperable for the first time, allowing users across the two platforms to send money to each other, anywhere in the world, even if they aren't a PayPal user. In addition to peer-to-peer payments, coming in 2026, Venmo users will be able to shop both online and in-store at the millions of merchants globally that accept PayPal.

Introducing PayPal World: a global platform connecting the world's largest payment systems and digital wallets, starting with interoperability to PayPal and Venmo

More wallets to join in the coming months as the platform expands around the world. SAN JOSE, Calif., July 23, 2025 /PRNewswire/ -- PayPal (Nasdaq: PYPL) has unveiled a series of global partnerships that will connect many of the world's largest payment systems and digital wallets on a single platform, starting with interoperability with PayPal and Venmo. Together, the launch partners represent nearly two billion users globally. Today's announcement outlines the vision for PayPal World and how it will transform the way people send money, shop online, in-store, and with AI agents across borders. For consumers: your domestic wallet accepted at millions more businesses around the world For much of the world's population, international shopping and money transfers are not just difficult, at times they are impossible. While digital wallets and payments have become the preferred payment method in many markets domestically, consumers still require an international payment method to shop overseas. Sending money across borders can be similarly frustrating, with consumers facing fees, barriers, and delays. With PayPal World, consumers will enjoy benefits including: For millions of businesses: access nearly two billion consumers with your existing integration Until now, businesses had to invest and build technology each time they added a new digital payment system or wallet to their checkout. Accepting more digital payments meant more work, and missing a popular option at checkout meant losing sales. With no additional integration, PayPal World will connect millions of businesses to digital payment system and wallet users worldwide, starting with PayPal and Venmo. Benefits will include: PayPal World: a technology-agnostic platform for cross border commerce PayPal World is expected to go live beginning this fall with all partners interoperable with PayPal and Venmo. The platform is purpose-built to allow further interoperability if partner wallets decide to pursue that in the future, further expanding reach and acceptance across borders. Leveraging open commerce APIs, PayPal World solves the complexity of cross border commerce with a cloud native, multi-region deployment architecture that ensures low latency and high availability worldwide. The platform is designed with robust safety and security capabilities, creating a device and technology-agnostic environment for all partners. PayPal World is ready for the future of commerce. Digital payment systems and wallets will play an essential role in enabling agentic shopping, where consumers can shop and pay in conversation with AI agents using their digital wallet. In addition, the platform will be compatible with the latest technologies and commerce experiences including, over time, dynamic payment buttons and stablecoin. The first payment systems and digital wallets that will launch with PayPal World are (in alphabetical order): "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," said Alex Chriss, President and CEO of PayPal. "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." "We're thrilled about this tremendous opportunity. This partnership brings together our collective strengths to streamline cross-border commerce, building on the success each of us has achieved in our respective markets," said Osvaldo Gimenez, CEO of Mercado Pago. To scale the development of this innovative platform, PayPal and Mercado Pago are collaborating to explore opportunities in cross-border payments through PayPal World. Speaking on the development, 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." "We are glad that Tenpay Global, Tencent's cross-border payment platform, will support users of PayPal and Venmo in making payments by scanning Weixin Pay QR codes, further expanding access for global digital wallets to transact in the mainland of China. In addition to payments, Tenpay Global will deepen its collaboration with PayPal World in remittances," said Wenhui Yang, CEO of Tenpay Global. PayPal and Venmo become seamlessly interoperable As part of PayPal World, PayPal and Venmo will become seamlessly interoperable for the first time, expanding access to global peer-to-peer payments. This new functionality will allow PayPal and Venmo users to send money to each other, anywhere in the world. This marks a pivotal moment for Venmo and PayPal, connecting one of the most iconic social payments platforms to the full scale of PayPal's global network. In addition to peer-to-peer payments, coming in 2026, Venmo users will be able to shop both online and in-store at millions of merchants globally that accept PayPal. For merchants, it's a new way to reach Venmo's base of younger, urban, affluent, and digitally native consumers. This will expand the reach of PayPal's two-sided network, driving more demand for merchants and offering consumers more choice and flexibility. Connecting Venmo to PayPal World is the next step in expanding its utility and unlocking more value for both consumers and merchants. It will enable everything from everyday payments and in-store commerce to international money movement on a global scale. PayPal World illustrative use cases PayPal World is expected to go live beginning this fall, starting with partner wallets connecting to PayPal and Venmo. For more information, please visit the PayPal World website. Notes to Editors Weixin Pay is the mobile payment function of Tencent's popular social platform Weixin and one of the major payment tools in China. Forward Looking Statements About PayPal This announcement contains forward-looking statements about the timing, features, and anticipated benefits of PayPal World services. Forward looking statements may be identified by words such as "may," "will," "would," "should," "could," "expect," "anticipate," "believe," "estimate," "intend," "continue," "strategy," "future," "opportunity," "plan," "project," "forecast," and other similar expressions. Forward-looking statements involve risks and uncertainties which may cause actual results to differ materially from the statements made, and readers should not place undue reliance on such statements. Factors that could cause or contribute to such differences include, but are not limited to, our ability to timely enter into definitive agreements with wallet partners, the extent to which wallet partners use services offered by PayPal World, potential delays in the launch of PayPal World's services, the reaction of competitors, inability of participants to obtain necessary regulatory approvals, and unanticipated difficulties in operationalizing PayPal World. More information about these and other factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in PayPal Holdings, Inc.'s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other filings with the Securities and Exchange Commission. All information in this announcement speaks only as of the date hereof. PayPal assumes no obligation to update any forward-looking statements contained herein. About PayPal PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. For more information, visit https://www.paypal.com, https://about.pypl.com, and https://investor.pypl.com. Media Relations Contact: [email protected]