PayPal World: Connecting Global Wallets, Starting with PayPal and Venmo

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Launch partners include Mercado Pago, NPCI International Payments Limited (UPI), PayPal, Tenpay Global, and Venmo.
Interoperability begins with partners connecting to PayPal and Venmo.
Technology agnostic platform designed to enable further wallet interoperability.
More wallets to join in the coming months as the platform expands around the world.

SAN JOSE, Calif., July 23, 2025 /PRNewswire/ — PayPal (Nasdaq: PYPL) is making a bold play for global payments dominance, unveiling “PayPal World,” a unified platform poised to connect the world’s leading payment systems and digital wallets. The initial rollout focuses on interoperability with PayPal and Venmo, immediately linking nearly two billion users worldwide. Think of it as a universal translator for your digital wallet, finally making truly borderless payments a reality.

The promise of PayPal World is simple: your preferred local wallet, accepted at millions more businesses globally. For consumers, that means an end to the frustrating limitations of international shopping and money transfers. Imagine using your familiar domestic payment system to seamlessly purchase goods from overseas vendors, all in your local currency. Forget exorbitant fees and frustrating delays when sending money to friends and family abroad. PayPal World aims to make cross-border transactions as easy as sending a text.

Access to shop at millions more businesses, online, in-store, and with AI agents,
Pay international businesses using their domestic payment system or wallet of choice and local currency,
Seamless money transfers to users across borders.

For businesses, the implications are even more profound. Instead of complex integrations for each new digital payment system, PayPal World instantly unlocks access to a massive global user base. This means reaching nearly two billion potential customers with your existing infrastructure. No more missed sales because you don’t support a particular wallet. As more partners join PayPal World, your payment options expand automatically, requiring zero additional development work.

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.

The engine behind PayPal World is a technology-agnostic platform designed for maximum interoperability. Set to launch this fall, the initial phase will see partner wallets seamlessly connecting to PayPal and Venmo. The platform’s architecture allows for future expansion, accommodating even more wallets and payment systems as they come online. Built with open commerce APIs and a cloud-native, multi-region deployment, PayPal World promises low latency and high availability, regardless of location. Security is also a top priority, ensuring a safe and secure environment for all users.

PayPal is also betting big on the future of commerce. PayPal World is designed to support agentic shopping, where AI agents can facilitate purchases using a consumer’s preferred digital wallet. The platform will also be compatible with emerging technologies like dynamic payment buttons and stablecoins.

The initial partners joining PayPal World include:

Mercado Pago (MOU signed – further details being scoped)
NPCI International Payments Limited (UPI)
PayPal
Tenpay Global
Venmo

“PayPal World is a first-of-its-kind payments ecosystem that will bring together many of the world’s largest payment systems and digital wallets on a single platform. It is testament to the passion our partners share for an inclusive, global digital economy and has the potential to revolutionize cross-border commerce,” said Alex Chriss, President and CEO of PayPal. “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. We believe the changes we are announcing today have the potential to be a real game changer over time. We can’t wait to welcome many more global partners, wallets, and their users soon.”

Osvaldo Gimenez, CEO of Mercado Pago, added, “We’re thrilled about this tremendous opportunity. This partnership brings together our collective strengths to streamline cross-border commerce, building on the success each of us has achieved in our respective markets.”

Ritesh Shukla, Managing Director and CEO of NPCI International Payments Limited, noted, “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.”

Wenhui Yang, CEO of Tenpay Global, stated, “We are glad that Tenpay Global, Tencent’s cross-border payment platform, will support users of PayPal and Venmo in making payments by scanning Weixin Pay¹ QR codes, further expanding access for global digital wallets to transact in the mainland of China. In addition to payments, Tenpay Global will deepen its collaboration with PayPal World in remittances.”

But perhaps the most significant immediate impact will be the seamless interoperability of PayPal and Venmo. For the first time, users of these two platforms will be able to send money to each other globally, expanding access to peer-to-peer payments. In 2026, Venmo users will also gain the ability to shop online and in-store at millions of merchants that accept PayPal, opening up new markets to Venmo’s digitally native customer base.

PayPal World is ready for the future, and that future looks increasingly borderless.