While India remains a key market for US-based payments giant PayPal, the company has no plans to enter the domestic payments space. Instead, it will focus on cross-border transactions, aiming to connect India with the rest of the world.
Speaking at the Global Fintech Fest 2025, Alex Chriss, CEO of PayPal said: "India is not just a domestic market. Everywhere I travel, there are remittances where India plays a critical role. There's commerce where India plays a critical role."
"And part of what we establish ourselves with at PayPal is the ability to do cross-border payments and the ability to connect the world together. So I would rather have us spend our time and energy creating those connections across the world and let incredible products that consumers domestically know and love win the market here and enable us to connect them around the world," Chriss added.
PayPal has tied-up with the National Payments Corporation of India (NPCI) for integration of UPI on PayPal World's platform for seamless cross border payment. 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.
PayPal World will enable Indian consumers to shop and pay with millions of businesses, online and in-store. It will also allow international travellers in India to make payments seamlessly using their PayPal wallets, leveraging UPI for domestic convenience and global accessibility.
-- Subrata Panda, Business Standard
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