Foresight News reported that PayPal will collaborate with Venmo to launch PayPal World, a platform connecting the world's largest payment systems and digital wallets. Initial partners also include Mercado Pago, NPCI International Payments Limited (UPI), and Tenpay Global. PayPal World is expected to go live this fall, enabling all partners to interoperate with PayPal and Venmo. The platform aims to support further interoperability for partner wallets in the future, thereby expanding cross-border coverage and acceptance. PayPal World leverages open commerce APIs and addresses the complexities of cross-border business through a cloud-native, multi-region deployment architecture, ensuring low latency and high availability globally.