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PayPal to Accept UPI for Cross-Border Payments via PayPal World

24 July 20251 min read
BANKING & FINANCEPayPal to Accept UPIfor Cross-BorderPayments via PayPalWorld24 July 2025safalsetu.com

Why in the news

PayPal announced UPI support for cross-border purchases, extending the global reach of India’s payments system.

Key facts

  • Indian users select UPI by pressing the PayPal button; mainly US merchants.
  • Partner: NIPL, NPCI’s arm for taking UPI and RuPay abroad.
  • PayPal World is an interoperable wallet network reaching nearly 2 billion users.
CountryWallet
IndiaUPI
ChinaTenPay Global (WeChat Pay)
MexicoMercado Pago
USAPayPal, Venmo

Significance

Boosts UPI’s internationalisation, eases real-time overseas shopping and widens merchants’ access to Indian buyers.

Exam angle

  • Initiative: PayPal World; Indian partner: NIPL.

Test yourself

1. Under which PayPal initiative is UPI being integrated for cross-border payments?

UPI integration is part of PayPal World.

2. Which NPCI arm partnered with PayPal for the UPI integration?

NIPL is the international arm expanding UPI and RuPay abroad.

3. Which Chinese wallet is part of the PayPal World network, per the notes?

TenPay Global (WeChat Pay) represents China.

This topic is part of Daily Current Affairs 24 July 2025 (16 topics).

All topics of the dayDay quizJuly 2025

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