PayPal, NPCI tie up to integrate UPI for cross-border payments

Global Payments firm PayPal on Wednesday announced a tie-up with National Payments Corporation of India (NPCI) for the integration of UPI on PayPal World’s platform for seamless cross-border payments.

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.

The launch partners represent nearly two billion users globally, PayPal said in a statement. The announcement outlined the vision for PayPal World and how it would 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 was incredibly complex. The platform would make it simple for nearly two billion consumers and businesses, said PayPal president and CEO Alex Chriss.