PayPal to Launch 'PayPal World' Connecting Wallets and Payment Systems Worldwide

PayPal has announced it will launch a new payments platform called PayPal World, designed to connect multiple domestic payment systems and digital wallets under one network. The system is scheduled to go live later this year and will initially support compatibility between PayPal, Venmo, and several other international partners.

The goal is to make it easier for people to use their existing wallets or payment systems to purchase goods or send money internationally, without needing to switch currencies or platforms.

Platform Will Support Local Wallets for International Use

With PayPal World, users will be able to make payments for international goods and services using their local wallet in their own currency. The system is being developed to support both online and in-store payments, as well as newer methods that involve AI-powered agents.

For businesses, the platform will allow access to a wider base of customers around the world, even if those customers use different digital wallets. By handling the technical and financial connections between different payment systems, PayPal World is intended to reduce the complexity of expanding into new markets.

Launch Partners Include UPI, Tenpay, Mercado Pago

PayPal has confirmed several initial partners that will be part of the launch phase:

• Venmo (U.S.)

• PayPal

• Mercado Pago (Latin America)

• NPCI International Payments (India's Unified Payments Interface)

• Tenpay Global (Tencent’s global payments arm)

The company expects more partners to join as the platform rolls out in stages.

Platform Built on Scalable, Open Technology

The system will operate on a cloud-based architecture designed to offer high availability and fast performance. According to PayPal, it will include open commerce APIs and support a variety of technologies used by different partners.

PayPal describes the platform as "technology-agnostic," which means it doesn’t require wallet providers or payment systems to change how their software works in order to connect.

PayPal CEO Says New Platform Will Expand Market Access

PayPal President and CEO Alex Chriss said the new platform is intended to bring together a wide range of payment systems and digital wallets under one roof.

“This is the first time many of the world’s major wallets and payment systems will be able to work together through a single connection,” Chriss said. “The changes we’re making have the potential to reshape how users and businesses interact globally.”

Chriss added that PayPal is in active discussions with other major wallet providers and expects the list of partners to grow rapidly after the initial launch.

Stablecoin Expansion Also in Progress

Separately, PayPal is preparing to expand its USD-backed stablecoin, PYUSD, to the Stellar network, pending regulatory approval. That move would allow PYUSD to operate on both Ethereum and Stellar, making it available for faster and lower-cost transactions.

While unrelated to PayPal World, the stablecoin initiative is part of the company’s broader payments strategy.

Platform Expected to Launch This Fall

PayPal World is on track to become operational this fall, with partner integration and feature expansion continuing throughout the year. The company has not yet disclosed specific rollout countries or regions, but early partners suggest a focus on markets in North and South America, Asia, and India.

The new platform marks a strategic shift toward simplifying how domestic wallets and payment systems interact internationally, especially for users who prefer to pay in local currency without switching tools or signing up for new services.

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