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PayPal Unveils Global Partnerships to Link Major Payment Systems and Wallets
ByAinvest
Wednesday, Jul 23, 2025 2:33 am ET1min read
PayPal has launched a set of global partnerships to link major payment systems and wallets. The initiative, which starts with interoperability between PayPal and Venmo, aims to connect the world's biggest payment networks and digital wallets on a unified platform.
PayPal has announced the launch of PayPal World, a groundbreaking initiative aimed at connecting the world's largest payment systems and digital wallets on a single platform. The initiative, which begins with interoperability between PayPal and Venmo, seeks to simplify cross-border commerce and expand global payment networks [1].PayPal World is designed to be a technology-agnostic platform that will allow users to access millions more businesses globally, both online and in-store. For consumers, this means they can use their domestic payment systems or wallets to shop and make payments internationally. Businesses will also benefit from expanded reach and increased payment options, with no additional integration required [1].
The first payment systems and digital wallets to join PayPal World include Mercado Pago, NPCI International Payments Limited (UPI), PayPal, Tenpay Global, and Venmo. These partners represent nearly two billion users globally, marking a significant step towards a more inclusive and interconnected digital economy [1].
PayPal World is expected to go live this fall, starting with the interoperability of PayPal and Venmo. The platform is designed to be compatible with future technologies and commerce experiences, including dynamic payment buttons and stablecoins [1].
The initiative is part of PayPal's broader strategy to revolutionize cross-border commerce and make international payments more seamless, secure, and inclusive. As Alex Chriss, President and CEO of PayPal, stated, "The challenge of moving money across borders is incredibly complex, and yet this platform will make it so simple for nearly two billion consumers and businesses" [1].
References:
[1] https://newsroom.paypal-corp.com/2025-07-23-Introducing-PayPal-World-a-global-platform-connecting-the-worlds-largest-payment-systems-and-digital-wallets,-starting-with-interoperability-to-PayPal-and-Venmo
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