PayPal President and Chief Executive Officer Alex Chriss said on Tuesday the integration of India’s Unified Payments Interface or UPI will enable greater interoperability of digital wallets and standard payments systems.
“We imagine a world where there is complete interoperability of wallets. We want to create a platform that will connect the best wallets in the world,” Chriss said at the launch of PayPal World at Global Fintech Fest 2025.
“PayPal is making a platform that any digital wallet can connect to,” he said.
PayPal has tied-up with National Payments Corporation of India 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, starting with interoperability with PayPal and Venmo.
Together, the launch partners represent nearly two billion users globally, according to the company.
Chriss said that PayPal’s focus in India will remain on cross-border payments and global connectivity, not domestic payments, describing it as an intentional strategic choice.
He lauded India’s fintech landscape and its world-leading innovative products like UPI, saying the country “comes up as a location where there’s movement of talent, movement of money, commerce opportunities”.
“India is becoming, if not already, an innovator and a leader globally. And that’s why it is so important for PayPal to play a role and connect India to the rest of the world,” Chriss said, according to a news report.
“UPI is the first wallet that shows how important the India market is to us and to the entire world,” he said.
Alex Chriss met Finance Minister Nirmala Sitharaman at the sidelines of the even in Mumbai.
