New UPI Platform: Now you can make UPI payments abroad as well, PayPal is going to launch this new platform
A big news is coming out regarding digital payment. PayPal has announced the launch of a new platform called PayPal World, which will connect the world’s largest digital wallets and payment systems together. This will also include India’s UPI.
PayPal World: A big news is coming out regarding digital payments. PayPal has announced the launch of a new platform called PayPal World, which will connect the world’s largest digital wallets and payment systems together. This will also include India’s UPI, which has been linked through NPCI International Payments Limited. Apart from this, this global platform will also include China’s Tenpay Global, Latin America’s Mercado Pago and America’s Venmo. With the help of this new platform, now Indian users will also be able to make payments abroad through UPI. Let us tell you that its rollout will start at the end of 2025.
Now shopping abroad is also possible with UPI
According to PhoneAriel’s report, through this platform, now payments and money transactions abroad will become easier and faster than ever. Meaning any UPI user living in India will be able to make payments with UPI by clicking on the PayPal button while shopping from any online website in America. This is a platform that will make international payments as seamless as local payments. After this modern payment system, users will neither have the hassle of converting foreign currency nor will they have to link any new app or bank account.
Who are the partners of this initiative?
PayPal has joined hands with several major giants for this big project. These include NPCI International (which manages UPI), Venmo, Mercado Pago, and Tenpay Global. This partnership will start this year and more wallets will be added to it in the future. Including all the launch partners included in this global platform, this platform will cover about 2 billion users. That is, even if you are in America, you will be able to make payment through UPI while purchasing goods from a shop. The special thing is that AI Agent Commerce will also be added to it in the coming time.
What did the CEO of NPCI International say for India
Ritesh Shukla, Managing Director and CEO of NPCI International, called this partnership an important step towards the global expansion of UPI. He said, this will make it easier and safer for users of India to make payments abroad. Along with this, merchants from all over the world will be able to access India’s growing digital consumer base. Ritesh said that through PayPal World, India’s digital payment ecosystem will be able to show its shine on the global stage. He also said that both small traders and common customers are expected to get tremendous benefits from this.
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