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Times of Oman
6 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
7 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.
Arabian Post
7 days ago
- Business
- Arabian Post
PayPal World Unites Major Wallets for 2 Billion Users
Arabian Post Staff -Dubai PayPal has unveiled PayPal World, a global payments network that links PayPal and Venmo with prominent domestic digital wallets—India's Unified Payments Interface, China's Tenpay Global, and Latin America's Mercado Pago—with the aim of serving nearly 2 billion users by late 2025. The announcement, made on 23 July 2025, positions PayPal World as the first truly interoperable cross-border payments ecosystem. Users will be able to send money and shop overseas using their familiar wallets, while merchants can receive payments from these networks without further integration. This ecosystem begins with the interoperability of PayPal and Venmo, progressing to UPI, Tenpay, and Mercado Pago. ADVERTISEMENT Alex Chriss, PayPal's president and CEO, described PayPal World as a 'first‑of‑its‑kind payments ecosystem' capable of simplifying intricate cross‑border transactions for 'nearly two billion consumers and businesses'. Ritesh Shukla, CEO of NPCI International Payments Ltd, affirmed that UPI's integration will expand its global reach and benefit Indian users by offering secure and seamless international payments. Wenhui Yang, Tenpay Global's CEO, added that the partnership would enable PayPal and Venmo customers to use Weixin Pay QR codes in China, while enabling deeper remittance collaboration. The platform is technologically built for scale, using open‑commerce APIs and cloud‑native architecture to ensure low latency and reliability across global regions. It promises 'device and technology‑agnostic' compatibility and is designed to embrace emerging commerce formats—including AI‑agent payments, dynamic payment buttons, and stablecoins over time. Competitors and analysts note that PayPal World addresses a longstanding fragmentation in international payments. By reducing dependency on credit cards, currency conversion, and complex onboarding, it offers a streamlined experience for consumers and merchants alike. However, successful execution will depend on regulatory compliance across jurisdictions and the ability to integrate smaller wallets and merchants beyond launch partners. Operationally, PayPal World will go live in autumn 2025 with PayPal and Venmo already interoperable. In 2026, Venmo users will be able to make purchases at millions of global merchants within the PayPal network—both online and in physical stores. For Indian users, the move is particularly significant. UPI, which represents around 85% of digital retail payments domestically, gains a pathway to the global market, including e‑commerce platforms abroad and in‑store payments when travelling internationally. The integration could substantially reduce costs tied to credit card surcharges and foreign exchange fees. Latin America's Mercado Pago, though not yet fully finalised, joins under a memorandum of understanding, reinforcing PayPal's focus on emerging-market inclusion. If implementation proceeds as outlined, PayPal World could reshape cross‑border commerce by integrating regional payment infrastructures into a unified global network. Its potential success will hinge on seamless interoperability, robust regulatory alignment, and continued onboarding of diverse payment ecosystems.
NDTV
23-07-2025
- Business
- NDTV
Indian Users Can Now Use UPI On Foreign Land, Sites 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.
News18
23-07-2025
- Business
- News18
Pay To US Merchant Via UPI Soon? PayPal World Set To Launch With NPCI, Others
Last Updated: PayPal has announced PayPal World, a platform connecting major digital wallets like UPI, Venmo, Mercado Pago, and Tenpay Global to simplify international payments and transfers. PayPal World: In an effort for seamless and cross-border digital payment, PayPal has announced the launch of PayPal World, a unified platform that will connect some of the world's largest digital wallets and payment systems. This marks a bold step in an effort to have a global platform to allow money transfers and international payments in any country of the world. If everyone goes as planned, soon an Indian user can pay a US merchant using UPI through the PayPal button. Likewise, a US citizen can use Venmo for money transfers in India. For this purpose, PayPal has joined hands with NPCI International, the organization that manages UPI (Unified Payment Interface), Venmo, Mercado Pago, and Tenpay Global. The platform will go live this fall, starting with these partners, and aims to add more wallets over time. For global shoppers, PayPal World aims to make international payments and money transfers as easy as local ones. Whether you are shopping online, visiting a store abroad, or using an AI agent for purchases, your domestic wallet will work across borders. Expanded reach into new markets and nearly two billion users, Increased payment options and sales – online, in-store, and with AI agents, Businesses automatically accept new digital payment options at checkout when more partners join the platform, with no additional development work required. 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." PayPal World illustrative use cases When traveling or shopping across borders, consumers will be able to use their domestic payment system or digital wallet to pay. For example, a PayPal user goes on holiday in China. They want to grab some coffee in a cafe that accepts Weixin Pay. All they'll need to do is open their PayPal app and scan to pay. For example, a UPI user in India wants to buy a pair of sneakers from an online store in the USA. When they click on the PayPal button at checkout, they will see the UPI button they know to complete the transaction. Sending money across the world will be as simple as sending a text. For example, a Venmo user in the US wants to send money to a friend in Germany for their birthday. They open the Venmo app, type in the phone number of their friend, and select their PayPal wallet. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
