Payment giant PayPal announced the "PayPal World" brand today (23rd), expected to officially launch this autumn, aiming to connect user networks of UPI, Tenpay Global, Mercado Pago, and PayPal with Venmo. This is PayPal's first complete interconnection of multiple regional wallets with its own system, reaching 200 million businesses and approximately 20 billion users, bringing a one-stop payment experience for cross-border consumption and commerce.
Interconnection Ecosystem Highlights
The platform uses open commerce API and cloud-native deployment, ensuring low latency and high availability, and supports dynamic payment buttons, stablecoins, and AI agent shopping functions.
User scenarios include: US travelers can use WeChat Pay to check out through PayPal in China; Indian consumers can pay on US e-commerce websites through UPI, simplifying currency conversion and technical integration processes, allowing small and medium enterprises to reach global customers at a lower cost.
According to official Indian statistics, UPI's transaction amount exceeded $238 billion in June this year, demonstrating the traffic and transaction potential brought by integrating regional giants.
Launching a New Payment Battle
PayPal World directly impacts the traditional model of card organizations like Visa and Mastercard, potentially triggering a new round of payment competition and improving financial accessibility for the unbanked population.
PayPal plans to fully integrate Venmo users into the main platform by the end of 2026, further enhancing user stickiness. However, cross-border data flow and multi-jurisdictional regulations still pose challenges, especially under the Trump administration's emphasis on data sovereignty, with cooperation with Chinese payment systems facing stricter scrutiny. Whether PayPal World can influence users worldwide to change payment habits remains to be verified over time.
