On July 23, 2025, PayPal unveiled its cross - border commerce platform, PayPal World. This platform is strategically designed to attain cross - border transaction interoperability by seamlessly linking global payment systems and digital wallets. Among the initial batch of partner institutions are Mercado Pago, NPCI International Payments Limited (UPI), PayPal itself, Tenpay Global, and Venmo. The platform is slated to commence operations in the autumn of 2025. PayPal World brings a host of benefits. It empowers individual users to engage in global shopping using their local digital wallets. For merchants, it allows them to receive payments from around the world without the need for complex technical integration. Additionally, it offers a range of services, including B2C (Business - to - Consumer) and B2B (Business - to - Business) payment collection solutions. From a technical perspective, the platform adopts a cloud - native, multi - region deployment architecture and leverages open commercial API technology. This enables it to support innovative features, such as dynamic payment buttons with timeout functionality. Moreover, it integrates AI - assisted payment scenarios to enhance the user experience. One of the most significant aspects of PayPal World is that it will enable PayPal and Venmo users to conduct payments to one another on a global scale. Users can easily locate the intended recipient and complete payments using either phone numbers or email addresses. This move is set to further broaden the cross - border usage of digital wallets.