PayPal taps Chinese and Indian wallets to facilitate cross-border payments of 2 billion people

PayPal announced on Wednesday that it partnered with a global wallet company to create a platform called The world of Paypal It is designed to facilitate cross-border commerce. The platform allows users to pay others using their local wallets and payment systems.

The company said its launch partners include NPCI International Payments Limited in India. It operates the Mobile Payments Framework UPI (Unified Payment Interface), China’s TenPay Global (Tencent’s payments division), which runs the domestic Weixin (WeChat) payment ecosystem, along with Paypal and Venmo.

The company has also signed a memorandum of understanding with Mercado Pago of Latin America, a fintech company that allows card and mobile payments, but the final details of the transaction are ironed.

With these partnerships, PayPal wants to cover over 1 billion users worldwide.

“PayPal World is the first payment ecosystem to bring together many of the world’s largest payment systems and digital wallets on a single platform,” PayPal President and CEO Alex Chriss said in a statement.

“The challenge of moving money across borders is extremely complicated, but the platform will be extremely simple for nearly 2 billion consumers and businesses. We believe that the changes we are making today could become a real game changer over time.”

Through the world of PayPal, Fintech companies say that PayPal and Venmo users can send money to anyone in the world, even if they are not PayPal users. For example, when they are traveling in China, they use PayPal on the Wexin payment network to pay local businesses. Conversely, if your Indian customers are purchasing from a US site, they can use PayPal to check and pay for your UPI wallet.

The total user base and transaction volume for these wallet systems is large. For example, the total amount of payments for Mercado Pago was $58.3 billion in the first quarter of 2025. In India, UPI transactions reached more than $238 billion in June. According to NPCI data.

China’s Tempei is also working to create a better transfer framework that enables peer-to-peer payments across borders.

“TenPay Global, Tencent’s cross-border payment platform, is pleased that PayPal and Venmo users will be scanning Weixin Pay to make payments.¹ QR Codes will further expand access to global digital wallets and trade in mainland China. In addition to payments, TenPay Global will deepen our collaboration with PayPal World,” said Wenhui Yang, CEO of TenPay Global.

PayPal World is expected to launch its platform with its launch partners this fall. The company said in 2026 that Venmo users can shop both online and offline with merchants who support PayPal payments.