PayPal has partnered with global wallet companies to create a platform called PayPal World that is designed to make cross-border commerce easier. The platform will allow users to pay others using their local wallets and payment systems.
The launch partners include India’s NPCI International Payments Limited, which operates mobile payments framework UPI (Unified Payment Interface), China’s Tenpay Global (Tencent’s Payment arm), which operates Weixin (WeChat) payment ecosystem in the country, along with PayPal and Venmo.
Memorandum of understanding was also signed with Latin America’s Mercado Pago, a fintech company that enables card and mobile payments, while the final details of the deals are being ironed out.
With these partnerships, PayPal wants to cover more than two billion users across the world. With this new partnership, PayPal users will be able to send money to any part of the world with ease.
No comments:
Post a Comment