PayPal announced Wednesday that it has collaborated with Global Wallet Company to create a platform PayPal world It is designed to facilitate cross -border trade. The platform gives users the opportunity to pay for others through local wallets and payment systems.
According to the company, the start -up partners include India’s NPCI International Payments Limited, which maintains UPI (Unified payment limit), China’s Tenpay Global (Tencent Maksarat), which maintains Weix (WeCrat) payment ecosystem.
The company has also signed a consensus report with the Latin American Mercado Pago, Fintech, which enables card and mobile payments, while the final details of the stores have been ironed.
With these partnerships, Paypal wants to cover more than two billion users around the world.
“PayPal World is a primary home payment ecosystem that combines many of the world’s largest payment systems and digital wallets on a single platform,” said Alex Chriss, CEO of PayPal, in a statement.
“The challenge of transferring money across borders is incredibly complex, and yet this vessel makes it so simple for nearly two billion consumers and business.
Fintech reported that through PayPal, PayPal and Venmo users can send money to anyone in the world, even if they are not a PayPal user. For example, when they travel in China, they can use PayPal in the Wex’s payment network to pay local companies. On the reverse, if the Indian customer buys from the US site, they can use Paypal to check and pay through their UPI wallet.
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The overall users and event volume of these wallet systems are massive. For example, the total amount of Mercado Pago was $ 58.3 billion in the first quarter of 2025. In India, UPI stores achieved more than $ 238 billion only from June, According to NPCI data.
China’s Tenpay also strives to create a better money transfer framework and allows you to pay a cross -border peer network.
“We are delighted that Tenpay Global, Tencent’s cross -border payment platform, supports PayPal and Venmo users in making payments by scanning Weix Pay1 QR codes that continue to expand the access of global digital wallets on the Chinese continent. In addition to fees, Tenpay Global deepens its cooperation with Paypal World with money -making, ”said Wenhui Yang, CEO of Tenpay Global.
PayPal World is scheduled to start this fall with its start -up partners. The company said that in 2026, Venmo users could pay purchases online and offline to merchants who support PayPal payments.
