This is the future of global payments

For much of the world’s population, international shopping and money transfers are not just difficult, at times they are impossible. While digital wallets have become the preferred payment method in many markets domestically, consumers still require an international payment method to shop overseas. Sending money across borders can be similarly frustrating, with consumers facing fees, barriers, and delays. With PayPal World, consumers will enjoy benefits including:

Access to shop at millions more businesses, online, in-store, and with AI agents.

Pay international businesses using their domestic wallet of choice and local currency.

And coming soon, seamless money transfers to nearly 2 billion users across borders.

PayPal World is an interoperable cross-border platform that will enable consumers and merchants to use different wallets to transact with one another. It is a cross-border payment platform, with a vision of supporting reliable, secure, and efficient cross-border payments.

PayPal World provides an interoperable cross-border platform that connects wallets and platforms under a common framework. When participants join PayPal World they agree to operate according to a set of rules / operating guidelines (e.g., All participants transacting on PayPal World must comply with AML obligations).

The platform enables 3 primary use cases:

• Online – offering consumers the ability to pay merchants online using their home wallet.

• In-Store – offering the ability to pay merchants by scanning a different digital wallet’s QR than the consumer’s home wallet.

• P2P(Coming soon) – offering the ability to seamlessly send/receive money to/from users outside the sender’s own digital wallet ecosystem using a phone number, e-mail address, or other Proxy ID.

PayPal World will offer an enhanced proposition for customers and merchants, with a more expansive vision across use cases and geographic focus.

• Coverage at full ramp: In addition to the immense scale of merchants and users that future foundational participants will potentially bring to the platform, PayPal World aims to enable XB interoperability for more than 430 M existing PayPal and Venmo consumer and merchant accounts.

• Use cases: PayPal World aims to enable a more complete set of use cases (Online XO, P2P, and in-person) than what other services offer. For example, Alipay+ enables Online XO and in-person QR while Visa+ enables B2C and P2P.

• Reach: We aim to enable cross-border transactions globally across the US, Europe, Asia, Africa, and LATAM. Alipay+ is predominantly concentrated in Asia with limited presence in other regions. Meanwhile, Visa+ is only available in the US.

• Relevance: For Online XO use case, PayPal World aims to enable functionality to the participants’ merchant base, while for example, Alipay+ only activates Alipay merchants (primarily as an inbound C2B mechanism).

PayPal World already has a strong starting point to compete due to PayPal wallet which itself is a global digital wallet platform.