PayPal's Global UPI Payments Platform

New Delhi, Jul 23 (PTI) Global Payments firm PayPal on Wednesday announced a tie-up with National Payments Corporation of India (NPCI) for integration of UPI on PayPal World's platform for seamless cross border payment.

This is part of a series of global partnerships unveiled by the company that will connect many of the world's largest payment systems and digital wallets on a single platform, starting with interoperability with PayPal and Venmo.

Together, the launch partners represent nearly two billion users globally, PayPal said in a statement.

The announcement outlines the vision for PayPal World and how it will transform the way people send money, shop online, in-store, and with AI agents across borders, it said.

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, said PayPal President and CEO Alex Chriss.

Speaking on the development, NPCI International Payments Ltd MD & CEO Ritesh Shukla said the integration of UPI on PayPal World's platform will mark a significant step in expanding UPI's global footprint.

"It aligns with our vision to make cross-border payments more seamless, secure, and inclusive. This collaboration will enhance convenience for Indian users making payments abroad and enable global businesses and merchants to tap into a growing base of UPI users," he added.