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- PayPal to launch cross-border platform with link to India's UPI payments system</p>
<p>July 23, 2025 at 7:15 AM</p>
<p>MUMBAI (Reuters) -Payments firm PayPal has partnered with the operator of India's popular unified payments interface and others to launch a global platform through which consumers can make cross-border payments to businesses.</p>
<p>The platform, PayPal World, will enable interoperability between local payment platforms and PayPal, the firm said in a statement on Wednesday.</p>
<p>Its partners for the platform include National Payments Corporation of India - India's payments authority that operates UPI, Brazil's Mercado Pago, Tencent Holdings' Tenpay Global and Venmo.</p>
<p>UPI dominates digital payments in India, accounting for about 85% of the total volume of retail digital payments, per regulatory data.</p>
<p>"The integration of UPI on PayPal World's platform will mark a significant step in expanding UPI's global footprint," said Ritesh Shukla, managing director and CEO of NPCI International Payments Limited.</p>
<p>India has been in talks with countries in Africa and South America to help them build a digital payments system using UPI as a blueprint.</p>
<p>PayPal's platform is expected to go live later this year. The firm intends to add more partners going forward.</p>
<p>(Reporting by Jaspreet Kalra; Editing by Mrigank Dhaniwala)</p>
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