New PayPal World platform designed to enable further wallet interoperability

PayPal has unveiled a series of global partnerships that will connect many of the world’s largest payment systems and digital wallets on a single platform, beginning with interoperability with PayPal and Venmo. The launch partners represent almost two billion users globally.

The announcement reflects the vision of PayPal World and the way it will transform the way people send money, shop online, in-store, and with AI agents across borders.

Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel

Read Also : RITES Ltd signs MoU with CMPDI to tap into Mining and Renewable infra development

The consumers with PayPal World are expected to enjoy the following benefits which include:

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.

The PayPal World will be expected to go live with the beginning of the partners interoperable with PayPal and Venmo.

Read Also : Arun Agarwal appointed as Government Nominee Director of ITI Ltd

The platform is purpose-built to allow further interoperability if partner wallets decide to pursue that in the future, further expanding reach and acceptance across borders.

PayPal World leverages open commerce and solves the complexity of cross border commerce with a cloud native, multi-region deployment architecture that ensures low latency and high availability worldwide.

The platform is designed with robust safety and security capabilities, creating a device and technology-agnostic environment for all partners.

Read Also : MECL Begins Lignite Exploration in Rajasthan's Poonam ki Dhani