Current Affairs - Business - Discussion

PayPal has integrated India’s Unified Payments Interface (UPI) as the first payments system partner on its newly launched global platform, PayPal World. This collaboration significantly enhances UPI’s global reach, enabling seamless cross-border transactions and positioning it as an international standard in digital payments. For PayPal, the integration provides access to India’s rapidly growing digital payment market, while consumers and merchants benefit from instant, secure, and cost-effective transactions. The partnership also strengthens PayPal’s competitive position against other fintech players and sets a precedent for global interoperability between national payment infrastructures and international platforms.