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