PayPal to create global digital wallet platform with UPI, China's Tenpay
PayPal is introducing its PayPal World platform, designed to foster interoperability between domestic digital wallets and PayPal's global network. This initiative allows users of wallets like Mercado Pago, UPI, and Tenpay Global to transact internationally without creating a new PayPal account.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
15 minutes ago
- Business Standard
Retail's tug-of-war: India needs smart policies for ecommerce, local retail
The retailer in India traditionally provides a low-margin service, frequently provides credit, and may source merchandise for specific needs Listen to This Article Retail is changing in character, and India is undoubtedly at the forefront of this development globally. It is quite evident that consumers in India have taken to ecommerce in a big way. My home, for instance, has shifted almost completely to ordering online — so much so that even the maid is doing so. And if stories are to be believed, tier-III and tier-IV cities, as well as rural India, are also seeing rapid growth in online ecommerce. No doubt, the Unified Payments Interface (UPI), Aadhaar and other components of India's digital public infrastructure have helped drive this growth. Easy
The Hindu
6 hours ago
- The Hindu
The FundedFirm: Built for Indian Traders, Powered by UPI
Trade smarter with FUNDEDFIRM: access low-cost challenges, enjoy fast and reliable payouts, earn top-tier profit shares, and unlock exclusive promotional offers. In the ever-evolving landscape of proprietary trading, the barriers for Indian traders have often been more logistical than skill-based. While the appetite and talent for trading are abundant across India, many aspiring traders find themselves stuck at a very basic but critical stage: payments. International card rejections, lengthy wire transfers, high conversion charges, and complex verification systems often stand in the way of a trader's journey even before the first trade is placed. FundedFirm decided to change that starting with the one thing that empowers every Indian trader: UPI. Don't miss out—apply your exclusive code - HINDU5 now to claim the best available offer. Trade with FUNDEDFIRM and experience low costs, rapid payouts, and high-profit potential. A Prop Firm That Understands India Unlike most global prop firms, which simply list India as a 'supported' country, FundedFirm has designed its infrastructure with Indian traders in mind. Our philosophy is simple, great traders shouldn't be held back by payment gateways, bank documentation, or currency complications. That's why FundedFirm is India's first prop firm to offer full UPI integration—a move that's revolutionizing access to global trading opportunities for millions of Indian traders. UPI Support Isn't a Bonus, It's a Necessity Unified Payments Interface (UPI) is one of the most significant financial innovations in India. With over 10 billion transactions processed monthly, UPI has become the default mode of payment for everything from utility bills and shopping to tuition fees and peer-to-peer transfers. Yet, surprisingly, no global prop firm until now has integrated UPI into their trader ecosystem. This meant aspiring Indian traders had to: ● Rely on international cards (which many don't possess) ● Pay extra forex conversion fees ● Wait days for verification or wire transfer confirmations ● Navigate foreign platforms and currencies, even for local payments FundedFirm removes all of that. Instant, Safe, Seamless: The UPI Advantage Here's what full UPI support means for every Indian trader at FundedFirm: 1. Instant Account Access With UPI, traders can pay for their challenge in seconds, no card numbers, no bank visits, and no delays. It's as simple as scanning a QR code or authorizing through a UPI app like PhonePe, Paytm, Google Pay, etc. 2. Zero Forex Conversion Loss Since UPI transactions are processed in INR, there are no foreign exchange losses or additional charges, what you pay is what you see. 3. Payouts Made Easy Payouts from profit splits and milestones are processed directly into UPI-linked bank accounts, ensuring fast, traceable, and tax-compliant settlements. 4. No Minimum Balance or Card Requirements Whether you're a student, freelancer, or full-time trader no credit card or international payment gateway is needed. If you have a UPI-enabled bank account, you're good to go. Monthly UPI Transactions in India (2025) This data speaks for itself. With 12 billion+ monthly UPI transactions, it's no exaggeration to say that UPI is now a financial lifeline across India. FundedFirm: Where Tech Meets Trader Empathy FundedFirm is more than just a prop trading platform. It's a system built to empower, not exclude. Here's what makes us stand out: ● UPI & INR Payments: No dependency on international cards or wallets ● 100% Profit Split Options: Traders keep what they earn ● No Time-Limit Evaluations: Focus on quality trading, not speed ● 24–48 Hour Payout Window: Get paid fast without fees or friction ● MT5 with Raw Spreads: Professional tools for precision execution ● Trusted Infrastructure: Secure, scalable, and compliant Whether you're trading from Delhi, Mumbai, Jaipur, or a remote tier-3 city—if you can trade, you belong here. Bridging Global Markets, Locally By offering UPI payments, FundedFirm is doing more than just simplifying transactions, we're breaking a long-standing accessibility barrier. In a country where more than 400 million people actively use UPI, but very few prop firms support it, this step isn't just practical—it's revolutionary. FundedFirm ensures that India's traders are no longer on the sidelines of global opportunities. Now, they can start faster, earn more, and grow without borders. Join the Next Generation of Traders With UPI support, top-tier funding models, and a trader-first approach, FundedFirm isn't just another prop firm. It's the most accessible, practical, and India-ready trading platform available today. Ready to start your journey? Visit Use your exclusive promo code - HINDU5 to access unbeatable challenge discounts. Join FundedFirm today and trade with confidence—low fees, fast payouts, and premium profit splits await. Power your ambition. Fund your skills. Trade without limits. 'This is a company press release that is not part of editorial content. No journalist of The Hindu was involved in the publication of this release.'
Business Standard
7 hours ago
- Business Standard
UPI transactions hit record high of 19.47 billion in Jul-25, total value surges 21% on year
The number of transactions via the Unified Payments Interface (UPI) touched a record high of 19.47 billion in July, according to latest data from the National Payments Corporation of India (NPCI). In terms of value, it was Rs 25.08 lakh crore, the second highest after Rs 25.14 lakh crore recorded in May. In terms of volume, the last highest number was 18.67 billion reported in May, which declined to 18.39 billion in June with transaction amount Rs 24.03 lakh crore. The value of the transactions worked at Rs 25.08 lakh crore in June against Rs 20.64 lakh crore in the same month a year ago, recorded a spike of 21 on an annual basis. On a month-on-month basis too, the growth was impressive at 4.3%.
