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The integration of India's Unified Payments Interface (UPI) with PayPal's new global platform, "PayPal World," is set to revolutionize cross-border digital payments for Indian users. This collaboration allows Indian consumers to make payments on international websites and online merchants using their familiar UPI interface, seamlessly integrated through PayPal's checkout process.
The PayPal World platform aims to connect various leading digital wallets and payment systems globally, making international transactions more convenient, secure, and inclusive. Alongside UPI, the platform initially includes interoperability with other major payment players like Venmo, Mercado Pago, and Tenpay Global. This initiative is expected to simplify online shopping for Indian users on international e-commerce sites, potentially reducing the need for expensive currency conversions and offering a familiar payment method.
Ritesh Shukla, MD & CEO of NPCI International Payments Limited, highlighted that this integration is a significant step in expanding UPI's global footprint, aligning with the vision to make cross-border payments more accessible for both consumers and global merchants. This move is also part of UPI's broader expansion strategy, which already sees it accepted in several countries, including the UAE, Singapore, France, Bhutan, Nepal, Mauritius, and Sri Lanka.
