Latest news with #PayPalWorld
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Business Standard
17 hours ago
- Business
- Business Standard
PayPal enables crypto payments for merchants via 'Pay with Crypto'; details
Global online payment services provider PayPal has further extended its support for cryptocurrencies with the launch of its new feature, 'Pay with Crypto.' This feature enables merchants to connect to a crypto market worth over $3 trillion by allowing instant crypto-to-stablecoin or fiat currency conversion, the company announced in a press release. "Pay with Crypto," PayPal said, will be available to US merchants in the coming weeks. The service supports transactions across more than 100 cryptocurrencies and popular wallets such as Coinbase and MetaMask. This solution aims to expand revenue opportunities for merchants and taps into a global user base of more than 650 million crypto users. With a transaction fee of just 0.99 per cent, Pay with Crypto reduces international payment processing costs by up to 90 per cent compared to traditional credit card payments. "Businesses of all sizes face incredible pressure when growing globally—from increased costs for accepting international payments to complex integrations. Today, we are removing these barriers and helping businesses of every size achieve their goals," said Alex Chriss, president and CEO of PayPal. "Imagine a shopper in Guatemala buying a special gift from a merchant in Oklahoma City. Using PayPal's open platform, the business can accept crypto payments, increase profit margins, pay lower transaction fees, gain near-instant access to proceeds, and grow funds stored as PYUSD at 4 per cent when held on PayPal," Chriss explained. According to the release, PayPal empowers U.S. merchants to accept crypto payments, improve operational efficiency, attract new customers, earn rewards for PYUSD held on the platform, and send faster, low-cost payments to freelancers and vendors using PYUSD. The company also recently announced an agreement with Fiserv to expand stablecoin adoption globally and enhance business efficiency. The "Pay with Crypto" feature, powered by PayPal, will cover 90 per cent of the global $3+ trillion crypto market cap, supporting payments with over 100 cryptocurrencies, including BTC, ETH, USDT, XRP, BNB, SOL, USDC, and more. It also allows integration with major wallets such as Coinbase, OKX, Binance, Kraken, Phantom, MetaMask, and Exodus, with additional wallets to be supported in the future. This announcement follows last week's unveiling of PayPal World, a global partnership uniting five of the world's largest digital wallets on a single platform. About PayPal PayPal is a global online payment system that enables individuals and businesses to send and receive money electronically. It offers a secure platform for online transactions, providing buyer protection and various payment options. PayPal connects users' bank accounts, credit cards, and balances, facilitating fast and secure online fund transfers. Operating in around 200 markets, PayPal allows users to send and receive money worldwide. The platform employs advanced encryption and security protocols to safeguard users' financial information and offers comprehensive tools for businesses to manage their online payments.
Yahoo
5 days ago
- Business
- Yahoo
Weekly Recap: 11 Tech Press Releases You Need to See
A roundup of the most newsworthy tech announcements from PR Newswire this week, including the debut of PayPal World and PR Newswire's tools for optimizing content for AI search. NEW YORK, July 25, 2025 /PRNewswire/ -- With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help tech journalists and consumers stay on top of the week's most newsworthy and popular releases, here's a recap of some major stories from the week that shouldn't be missed. The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download. Newly Launched Deloitte and Palantir Strategic Alliance Delivering Tangible Outcomes, Accelerating Transformation for Clients' Modern Enterprise Functions The Deloitte-Palantir Enterprise Operating System, which was announced recently at AIPCon 7, is designed to deliver outcomes faster by unlocking insights that have historically been trapped within data silos, enabling significant performance improvement through enterprise-grade AI. KuCoin Launches xStocks, Delivering a One-Stop Access Point to Top Global Tokenized Equities for the World's Most Extensive Crypto User Base This launch of xStocks enhances capital efficiency and portfolio agility for crypto-native users, while also providing new tools to balance risk and reward across market cycles. Instructure Launches Canvas Career: A Skills-First, AI-Powered Learning Experience Designed to Help Organizations Build Future-Ready Workforces With 73% of U.S. workers feeling unprepared for changes or disruptions in their careers in the next five years, Canvas Career meets the growing demand for career readiness and scalable, skills-based learning. Introducing PayPal World: a global platform connecting the world's largest payment systems and digital wallets, starting with interoperability to PayPal and Venmo "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. PR Newswire Empowers Brands for AI Search and Strategic Communications with Multichannel Content Amplification "PR Newswire's platform is built for today's evolving media landscape, deeply impacted by the rise of LLMs," said Jeff Hicks, Chief Product and Technology Officer at PR Newswire. "We're not just distributing press releases – we're giving brands the tools to influence conversations, rank as topical authorities, and be found in the ways people are searching today, which increasingly means through LLM-powered interfaces." Launches Immersive New Website Showcasing the Future of Human-Aligned AGI The website is an interactive portal into the architecture, ethics, and future-facing vision behind approach to AGI. It integrates immersive design, 3D modeling, and an AGI-native visual language — offering visitors a cinematic, thought-provoking experience that invites both exploration and imagination. Waystar to Acquire Iodine Software, Accelerating the AI-Powered Transformation of Healthcare Payments This transaction is expected to accelerate Waystar's ability to transform healthcare payments through its leading cloud-based software platform, empowering more than one million providers with advanced AI capabilities to prevent denials, reduce manual work, and improve financial performance. Bancara Launches Global Financial Brokerage Platform for Long-Term Investors and Institutions Bancara has officially launched its full-service trading and investment platform bringing institutional-grade access, cross-border compliance, and long-term strategic tools to private clients, active investors, and regulated institutions. Xelix secures $160 million Series B to advance agentic AI innovation in Accounts Payable Xelix's AI-powered platform seamlessly integrates with existing systems to detect payment errors and fraud, automate supplier statement reconciliations and streamline AP Helpdesk operations. Raises $4.4M to Bring Specialized AI to Heavy Industries Nexxa deploys specialized AI agents that integrate with their customers' existing software like engineering tools or estimating systems. Nexxa's AI agents understand the industrial engineering context and act autonomously or collaboratively – accelerating work without requiring any rip and replace. The Ether Machine to Go Public with Over $1.5 Billion of Fully Committed Capital The company is expected to launch with over 400,000 ETH on its balance sheet, making it the largest public Ether generation company. The Ether Machine is building the largest public vehicle for institutional-grade exposure to Ethereum, offering secure, transparent, and compliant access to ETH-denominated yield. For more news like this, check out all of the latest technology-related releases from PR Newswire. Do you have a technology press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most. Helping Journalists Stay Up to Date on Industry News These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists. Once they're signed up, reporters, bloggers, and freelancers have access to the following free features: Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more. Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger's next story. Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles. Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more. About PR Newswire PR Newswire is the industry's leading press release distribution partner with an unparalleled global reach of more than 440,000 newsrooms, websites, direct feeds, journalists and influencers and is available in more than 170 countries and 40 languages. From our award-winning Content Services offerings, integrated media newsroom and microsite products, Investor Relations suite of services, paid placement and social sharing tools, PR Newswire has a comprehensive catalog of solutions to solve the modern-day challenges PR and communications teams face. For 70 years, PR Newswire has been the preferred destination for brands to share their most important news stories across the world. For questions, contact the team at View original content to download multimedia: SOURCE PR Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Times of Oman
5 days ago
- Business
- Times of Oman
Indian users can now pay abroad and on foreign e-commerce sites using UPI via PayPal World
New Delhi: In a major boost to cross-border digital payments, Indian users will now be able to use the Unified Payments Interface (UPI) to make payments internationally through PayPal. The global payments company 'PayPal' has announced the launch of "PayPal World", a new platform that aims to connect the world's largest payment systems and digital wallets. The platform will start by offering interoperability between PayPal and Venmo, and include UPI as part of its initial launch. This means Indian consumers can now shop from international merchants and pay using the UPI option they are already familiar with. For example, an Indian user browsing an online store in the United States to buy a pair of sneakers will now see a UPI button after clicking the PayPal option at checkout. This allows them to complete the transaction using their UPI account, just as they would for any domestic payment. Ritesh Shukla, Managing Director and CEO of NPCI International Payments Limited, welcomed the development. He 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." The company stated that collaboration includes global partners representing nearly two billion users worldwide. These include Mercado Pago (MOU signed, further details being scoped), NPCI International Payments Limited (UPI), PayPal, Tenpay Global, and Venmo. The platform also benefits users from other countries. For instance, a PayPal user travelling to China can make payments at a cafe that accepts Weixin Pay simply by scanning the code using their PayPal app. Similarly, a Venmo user in the US can send money to a friend in Germany by typing in the phone number and selecting the PayPal wallet. This step marks a new beginning for global digital payments, especially for Indian users who rely heavily on UPI for everyday transactions. With PayPal World, sending money or shopping across borders will be easier than ever. (ANI)
Time of India
6 days ago
- Business
- Time of India
Indian users can now pay abroad and on foreign e-commerce sites using UPI via PayPal World
In a major boost to cross-border digital payments , Indian users will now be able to use the Unified Payments Interface (UPI) to make payments internationally through PayPal . The global payments company 'PayPal' has announced the launch of " PayPal World ", a new platform that aims to connect the world's largest payment systems and digital wallets . The platform will start by offering interoperability between PayPal and Venmo, and include UPI as part of its initial launch. This means Indian consumers can now shop from international merchants and pay using the UPI option they are already familiar with. For example, an Indian user browsing an online store in the United States to buy a pair of sneakers will now see a UPI button after clicking the PayPal option at checkout. This allows them to complete the transaction using their UPI account, just as they would for any domestic payment. Ritesh Shukla, Managing Director and CEO of NPCI International Payments Limited , welcomed the development. He 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." The company stated that collaboration includes global partners representing nearly two billion users worldwide. These include Mercado Pago (MOU signed, further details being scoped), NPCI International Payments Limited (UPI), PayPal, Tenpay Global, and Venmo. The platform also benefits users from other countries. For instance, a PayPal user travelling to China can make payments at a cafe that accepts Weixin Pay simply by scanning the code using their PayPal app. Similarly, a Venmo user in the US can send money to a friend in Germany by typing in the phone number and selecting the PayPal wallet. This step marks a new beginning for global digital payments , especially for Indian users who rely heavily on UPI for everyday transactions. With PayPal World, sending money or shopping across borders will be easier than ever.
Yahoo
6 days ago
- Business
- Yahoo
PayPal to launch unified platform for global payments and wallets
PayPal has revealed plans to launch PayPal World, a platform designed to consolidate various global payment systems and digital wallets into one network. The move aims to streamline the process of sending money, shopping online, and making in-store purchases across international borders. Consumers using PayPal World will be able to pay for international goods and services using their domestic payment system or wallet in their own currency. On the business side, PayPal World will connect a multitude of businesses to users of digital payment systems and wallets around the world. This connection is anticipated to facilitate businesses' expansion into new markets and diversify their payment options for transactions conducted online, in physical stores, or through AI agents. PayPal World is described as a technology-agnostic platform that will become operational starting this fall, with initial interoperability with PayPal and Venmo. PayPal World will streamline cross-border commerce complexities by utilising open commerce APIs and a cloud-native, multi-region architecture, delivering low latency and high global availability, the company said. The first partners confirmed to be part of the PayPal World launch include Mercado Pago, NPCI International Payments (UPI), PayPal, Tenpay Global, and Venmo. PayPal president and CEO Alex Chriss said: '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. '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.' Last month, PayPal indicated its intention to offer its USD stablecoin, PYUSD, on the Stellar network, subject to regulatory consent. "PayPal to launch unified platform for global payments and wallets " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
