PayPal will partner with Venmo to launch PayPal World, a platform connecting the world's largest payment system and digital wallets, with Tenpay Global shortlisted for cooperation.

PayPal is partnering with Venmo to launch PayPal World, a platform connecting the world's largest payment systems and digital wallets. Initial partners also include Mercado Pago, NPCI International Payments Limited (UPI), and Tenpay Global. PayPal World is expected to launch this fall, and all partners will be able to interoperate with PayPal and Venmo. The platform aims to support further interoperability for partner wallets in the future, thereby further expanding cross-border coverage and acceptance. PayPal World leverages open commerce APIs to address the complexities of cross-border commerce through a cloud-native, multi-region deployment architecture, ensuring low latency and high availability worldwide. [Foresight News]