From QR Codes to Cross-Border Commerce—PayPal World Connects 2 Billion Users

PayPal Holdings Inc. has unveiled PayPal World, a groundbreaking platform designed to unify global digital wallets and simplify cross-border payments for up to 2 billion users. The initiative brings together major players like India’s UPI (Unified Payments Interface), China’s Tenpay Global (Weixin Pay), Latin America’s Mercado Pago, and PayPal’s own services including Venmo.

 

The platform allows users to pay international merchants using their local wallets and currencies, eliminating the need for multiple accounts or complex currency conversions. For example, an Indian shopper can now pay on a U.S. website using UPI via PayPal, while a Venmo user traveling in China can scan a Weixin Pay QR code to make purchases.

 

Key Features of PayPal World

India’s Role

PayPal has partnered with NPCI International Payments Limited (NIPL) to integrate UPI into the platform. CEO Ritesh Shukla called it a “significant step in expanding UPI’s global footprint,” enabling Indian users to shop abroad with ease and allowing global merchants to tap into India’s massive digital payment ecosystem.

 

Market Impact

The rollout begins Fall 2025, with broader merchant and wallet integration planned for 2026.

 

Sources: TechCrunch, CNBC-TV18, Business Standard, Investing.com