PayPal on Wednesday announced a partnership with National Payments Corporation of India (NPCI) International Payments Limited and other global payment systems to build a new platform that will support cross-border transactions. Dubbed PayPal World, it will be a technology-agnostic platform that connects to all partnering payment systems. The San Jose, California-based company said it will create a multi-region deployment architecture for the platform that will be cloud native. PayPal World is scheduled to be launched later this year, and in the initial phase, the focus is on creating interoperability between PayPal and Venmo.
PayPal World to Open Cross-Border Payments Solution for Two Billion People
In a newsroom post, PayPal announced its partnership with India’s NCPI International Payments Limited which operates the Unified Payments Interface (UPI), China’s Tenpay Global, and US-based Venmo. Additionally, the fintech…
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