🚨JUST IN: PayPal and Venmo launches "PayPal World", a global platform connecting major payment systems and digital wallets to ease cross-border payments in partnerships with Mercado Pago, UPI, and Tenpay. https://t.co/16YUwa0VZW ...

PayPal taps wallets from China and India to make cross-border payments easier for 2 billion people | TechCrunch https://t.co/F4K1T0epV5 ...

Core Insights - PayPal has launched a new platform called PayPal World aimed at simplifying cross-border commerce by allowing users to pay using their local wallets and payment systems [1][4] - The platform has partnered with major global wallet companies, including India's NPCI International Payments Limited, China's Tenpay Global, and Latin America's Mercado Pago, to reach over two billion users worldwide [2][3] Group 1: Partnerships and Collaborations - PayPal's launch partners include NPCI International Payments Limited, which operates the UPI mobile payments framework in India, and Tenpay Global, which manages the WeChat payment ecosystem in China [2] - A memorandum of understanding has been signed with Mercado Pago, a fintech company in Latin America, to enhance payment capabilities [3] Group 2: Platform Features and User Benefits - PayPal World will enable PayPal and Venmo users to send money globally, even to non-PayPal users, facilitating transactions in different countries [4] - Users traveling in China can utilize PayPal on the Weixin payment network, while Indian customers can use their UPI wallets for purchases from U.S. sites [4] Group 3: Market Impact and Transaction Volume - Mercado Pago reported a total payment volume of $58.3 billion in Q1 2025, while UPI transactions in India exceeded $238 billion in June [7] - Tenpay Global is also enhancing its remittance framework to support cross-border peer-to-peer payments [7][8] Group 4: Future Developments - PayPal World is set to launch this fall, with Venmo users expected to be able to make payments for both online and offline shopping by 2026 [9]

Core Insights - PayPal World aims to simplify cross-border commerce by allowing consumers to use their domestic payment systems at millions of businesses globally, enhancing the shopping experience and facilitating international money transfers [1][6][16] - The platform will connect nearly two billion consumers and businesses without requiring additional integration for merchants, streamlining the acceptance of various digital payment options [2][6] - PayPal World is designed to be technology-agnostic, ensuring interoperability with partner wallets and providing a secure, low-latency environment for transactions [3][4] Consumer Benefits - Consumers will be able to shop internationally using their domestic wallets, making payments in local currencies and enjoying seamless money transfers across borders [1][6] - The platform will support agentic shopping experiences, allowing consumers to transact through AI agents using their digital wallets [4][6] - PayPal users traveling abroad can easily make payments using local payment systems like Weixin Pay, enhancing convenience [16] Business Advantages - Businesses will gain access to a vast consumer base without the need for additional technology investments, as PayPal World will automatically integrate new digital payment options [2][6] - The collaboration with Mercado Pago and other partners aims to enhance cross-border payment capabilities, expanding market reach [5][8] - The interoperability between PayPal and Venmo will allow businesses to tap into Venmo's younger, affluent consumer base, driving demand and increasing sales opportunities [9][10][11] Future Developments - PayPal World is set to launch in the fall, with initial partners connecting to PayPal and Venmo, paving the way for future integrations [3][13] - The platform will evolve to include advanced payment technologies, such as dynamic payment buttons and stablecoins, to keep pace with market trends [4] - The integration of UPI and Tenpay Global will further enhance the platform's capabilities, making it easier for users in India and China to transact internationally [8][10]

🔥 TODAY: Jack Dorsey's Square has started allowing merchants to accept payments in Bitcoin. https://t.co/GfchPy9aKK ...

Square Begins Bitcoin Payment Feature Rollout On Devices Used By 4 Million Businesses and Sellers ...

A payments revolution is happening right before our eyes, with stablecoins as the driver.Instant, scalable, programmable, without the intermediaries.Move your money faster on Polygon.Agora (@withAUSD):The future of finance is coming faster than you think.@Nick_van_Eck joined @Agglayer and @0xPolygon to discuss how stablecoins like AUSD are revolutionizing global payments and financial services. https://t.co/4Evo9dIqdY ...

RT capradavis (@capradavis)Most conversations around stablecoins miss their impact on cross-border creator payments. At my last company, our international growth strategy was easily 100x improved thanks to cross-border stablecoin payments. When you're running fast and iterating every day, there's no time for payment delays. Despite this category only making up a small % of payments, the gains in operating efficiency are massive.The Stablecoin Bible is out, give it a read! ...

RT Wall Street Mav (@WallStreetMav)For June 2025:US govt revenue $526 billionUS gov interest payments $144 billionOn our $37 trillion debt, we paid 27% of all govt revenue in interest payments for the national debt. https://t.co/QzGgw9fdDJ ...

Even with today’s frictions, cross-border payment volume is projected to surpass $320 trillion by 2032.Reducing costs by even a single basis point presents a multi-billion-dollar opportunity. https://t.co/K0avO1mytb ...