Paypal launches a global platform for cross -border payments and aims to reach two billion users

Paypal has announced the launch of a new platform called “Paypal World”, and represents a bold attempt to redefine the cross -border paid payments throughout the world.

The new platform brings together major payment networks and digital portfolios within a unified platform, through which it aims to reach more than two billion users around the world, which may constitute a major turning point in the financial technology sector.

Global partnerships to expand influence

Through “Paypal World”, Paypal entered into important partnerships with senior players in their local markets, such as Tenpay Global, Chinese Company, and the Indian NPCI International responsible for operating the UPI digital payment network, and the company also signed a memorandum of understanding with “Mercado Pago” one of the most prominent financial technology companies in Latin America, although the details of this The agreement is still being negotiated.

These alliances give the platform an unprecedented international extension, especially in high -population markets such as India, China and South America, which enhances Paypal’s position as a company capable of providing comprehensive and safe propulsion solutions in different economic environments.

Merging Venmo with Paypal for the first time

One of the most prominent features of the new platform is to integrate “Venmo” services, which mainly target young American consumers, and with Paypal in a unified system, allowing users to send money and receive them across the border quite easily, and it is planned that Venmo users by 2026 can shop directly, whether online or inside stores for all traders who support Paypal.

This integration not only provides a smoother experience for consumers, but also gives merchants an opportunity to reach a new segment of interactive digital users, and adds value to the Paypal dual network that links consumers and merchants alike.

In response to the conversion of consumer behavior

This step comes in a sensitive timing that witnesses radical transformations in the way of implementing payments, as a study prepared by Pymnts Intelligence showed that digital portfolios have dominated 35% of digital payments and 21% of payments inside stores, based on a survey of more than 216 thousand consumers in 11 countries representing half of the global gross domestic product.

These statistics clearly reflect the transformation of users from plastic cards to digital applications and portfolios without changing traditional payment tools such as credit cards, but rather using them in a believer and coded manner within these modern portfolios.