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PayPal, Venmo Launch ‘PayPal World’ To Ease Cross-Border Payments
PayPal, Venmo Launch ‘PayPal World’ To Ease Cross-Border Payments
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BTCCSquare news:
PayPal has unveiled 'PayPal World,' a groundbreaking platform aimed at simplifying cross-border transactions by integrating global payment systems and digital wallets. The initiative allows consumers to use local payment methods for international purchases and remittances, eliminating the need for multiple accounts or apps.
Key partners include Mercado Pago (Latin America), UPI (India), and Tenpay Global (China), collectively serving over two billion users. The platform supports local currency transactions, enabling seamless international payments. PayPal CEO Alex Chriss described it as a 'first-of-its-kind payments ecosystem' unifying major payment networks.
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