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PayPal Unveils PayPal World to Link 2 Billion Users With Global Wallets

Launching this fall with partners NPCI, Tenpay Global, Mercado Pago, PayPal World simplifies cross-border transactions through a unified wallet hub.

The PayPal logo is seen on a smartphone in front of the same logo displayed in this illustration taken September 8, 2021. REUTERS/Dado Ruvic/Illustration
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Overview

  • PayPal finalized partnerships with India’s NPCI (UPI), China’s Tenpay Global and Mercado Pago under a memorandum of understanding
  • PayPal World will roll out in fall 2025 to aggregate major regional wallets into one seamless payments ecosystem
  • In 2026 Venmo users will gain the ability to pay merchants online and offline through PayPal’s network
  • Tenpay Global will enable PayPal and Venmo users to scan Weixin Pay QR codes for transactions and deepen cross-border remittances
  • The platform leverages networks that processed over $238 billion in UPI payments and $58.3 billion via Mercado Pago to reach nearly two billion users