PayPal taps wallets from China and India to make cross-border payments easier for 2 billion people

PayPal announced Wednesday it has partnered with global wallet companies to create a platform called PayPal World that is designed to make cross-border commerce easier. The platform will allow users to pay others using their local wallets and payment systems.

The company said the launch partners include India’s NPCI International Payments Limited, which operates mobile payments framework UPI (Unified Payment Interface), China’s Tenpay Global (Tencent’s Payment arm), which operates Weixin (WeChat) payment ecosystem in the country, along with…