PayPal building a new global payment network

PayPal is building a new global payment network called PayPal World, set to launch later in 2025, which connects major digital wallets and payment systems to enable seamless cross-border payments and remittances for nearly two billion users.

July 25, 2025
Betalningar
Finans

The partners initially included UPI (India), Tenpay (China), Mercado Pago (Latin America), PayPal, and Venmo. 

Key features and context:

  • Interoperability: PayPal World allows users to pay globally using their domestic wallets (like UPI or Mercado Pago) without needing a separate PayPal account, enabling consumers and merchants to transact across borders with reduced complexity.
  • Partnerships: The first batch of partners includes NPCI (UPI), Tencent’s Tenpay Global (WeChat Pay), Mercado Pago, and PayPal-owned Venmo, representing a massive combined user base.
  • Platform design: The network is technology-agnostic, built for open commerce APIs and cloud-native infrastructure, aiming to be a foundational global payments layer rather than just another wallet.
  • Merchant integration: Merchants that accept PayPal will be able to receive payments from all supported wallets with no additional development, streamlining acceptance of international payments.
  • Future expansion: PayPal plans to expand the network with more wallet partners and introduce features like dynamic payment buttons, agentic (AI-assisted) shopping, and eventually the integration of stablecoins.
  • Strategic intent: The initiative is positioned as a major advance in payment interoperability, shifting PayPal from a consumer wallet to an enabling payments network that increases its global addressable market and competitive positioning.

According to PayPal CEO Alex Chriss, the goal is to "make [cross-border payments] so simple for nearly two billion consumers and businesses," addressing long-standing challenges in global money movement.

PayPal World is expected to roll out in late 2025, bringing new payment possibilities and broader global reach to both consumers and merchants.

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