PayPal has introduced PayPal World, a new platform to facilitate easier cross-border commerce by allowing users to make payments using local wallets and payment systems. Partnering with several global wallet companies including India's NPCI International Payments and China's Tenpay Global, PayPal aims to reach over two billion users. Users will be able to send money globally, interacting with various payment ecosystems like UPI in India and Weixin in China. This integration has the potential to simplify international transactions significantly.
"PayPal World is a first-of-its-kind payments ecosystem that will bring together many of the world's largest payment systems and digital wallets on a single platform."
"The challenge of moving money across borders is incredibly complex, and yet this platform will make it so simple for nearly two billion consumers and businesses."
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