• Latest
  • Trending
SEC closes investigation into PayPal’s Stablecoin without filing charges

PayPal unveils new platform to enable overseas payments without accounts

July 29, 2025
Edtech startup The Invigilator raises $11 million to scale its AI platform

Edtech startup The Invigilator raises $11 million to scale its AI platform

September 6, 2025
iXAfrica receives RMB financing to fast-track 20 MW expansion in Nairobi

iXAfrica receives RMB financing to fast-track 20 MW expansion in Nairobi

September 6, 2025
OpenAI challenges LinkedIn with new AI-powered hiring platform

OpenAI challenges LinkedIn with new AI-powered hiring platform

September 6, 2025
Tanzanian fintech NALA takes its services to Kenya

Tanzanian fintech NALA takes its services to Kenya

September 6, 2025
Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

September 5, 2025
Meta Brings Back Facebook Poke with Emojis and Streaks

Meta Brings Back Facebook Poke with Emojis and Streaks

September 5, 2025
Know why they’re calling: Truecaller launches AI-powered insights

Know why they’re calling: Truecaller launches AI-powered insights

September 5, 2025
Visa harnesses local partnerships to launch Visa Pay in DR Congo

Visa harnesses local partnerships to launch Visa Pay in DR Congo

September 5, 2025
Betika denies recent reports of security breach

Betika denies recent reports of security breach

September 5, 2025
10 things you can actually buy with crypto in Africa

10 things you can actually buy with crypto in Africa

September 5, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Tech News

PayPal unveils new platform to enable overseas payments without accounts

Oluwatosin Adeyemi by Oluwatosin Adeyemi
July 29, 2025
148 3
0
SEC closes investigation into PayPal’s Stablecoin without filing charges

SEC closes investigation into PayPal’s Stablecoin without filing charges

468
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

PayPal Holdings Inc. has launched a new platform called PayPal World, designed to make cross-border transactions more accessible by enabling users to pay international merchants with their existing local digital wallets without requiring a PayPal account.

The initiative connects some of the world’s largest payment systems under a single framework.

Initial partners include Mercado Pago (owned by Latin American e-commerce giant MercadoLibre), Tencent’s Tenpay Global, and India’s Unified Payments Interface (UPI).

“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,” Alex Chriss, President and CEO of PayPal said in a statement.

RelatedPosts

Equity Bank, Pesalink, NALA partner to boost cross-border payments for Kenyans in diaspora

Whish Money, Mastercard partner, to enable cross-border payments for Lebanese

HoneyCoin raises $4.9 million to expand operations to Africa, Asia, and Latin America markets

“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. We believe the changes we are announcing today have the potential to be a real game changer over time.”

Cross-border payments without PayPal account

The platform allows PayPal and Venmo users to send funds internationally, even to recipients without PayPal accounts.

For instance, travellers in China will be able to make payments via Weixin Pay (WeChat Pay) using PayPal, by scanning local QR codes. Likewise, an Indian shopper can complete a purchase on a U.S. website using their UPI wallet at checkout.

These wallet systems have enormous user bases and transaction volumes, indicating their size. In the first quarter of 2025 alone, Mercado Pago handled payments totalling $58.3 billion.

The National Payments Corporation of India (NPCI) reports that UPI transactions in India reached $238 billion in June.

Benefits of PayPal World for consumers

Customers will benefit from PayPal World in the following ways: The ability to shop online, in-store, and with AI agents at millions more businesses; pay foreign companies with local currency and their preferred wallet or domestic payment system; and smooth cross-border money transfers to users.

In the meantime, Tenpay, a Chinese company, is moving forward with plans to enhance its remittance system and increase cross-border peer-to-peer payment capabilities.

“We are glad that Tenpay Global, Tencent’s cross-border payment platform, will support users of PayPal and Venmo in making payments by scanning Weixin Pay1 QR codes, further expanding access for global digital wallets to transact in the mainland of China. In addition to payments, Tenpay Global will deepen its collaboration with PayPal World in remittances,” Wenhui Yang, CEO of Tenpay Global, said.

In cooperation with its initial launch partners, PayPal World is set to launch this autumn.

Tags: cross-border paymentsDigital Walletsglobal commercepayment systemsPayPal World
Oluwatosin Adeyemi

Oluwatosin Adeyemi

Oluwatosin Adeyemi is a seasoned writer with 5+ years of experience. He holds a degree in Animal Science from Olabisi Onabanjo University. A hardworking and creative individual with a passion for teamwork and self-improvement.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.