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  • PayPal Introduces New Peer-to-Peer Payment Links with Upcoming Crypto Support

    PayPal Introduces New Peer-to-Peer Payment Links with Upcoming Crypto Support

    PayPal is rolling out a new method for people to send money to each other using peer-to-peer (P2P) payments through personalized, one-time links. PayPal Links works alongside the existing PayPal Me service, which still lets users share profile details and makes it easier to get discovered and paid.
    Image Credits:PayPal

    PayPal is rolling out a new method for people to send money to each other using peer-to-peer (P2P) payments through personalized, one-time links. PayPal Links works alongside the existing PayPal Me service, which still lets users share profile details and makes it easier to get discovered and paid.

    Unlike PayPal Links, PayPal Me links don’t specify a payment amount unless the sender enters one manually.

    PayPal Links Simplify One-Time Payments and Add Crypto Support

    Previously, PayPal Me links were solely used to receive payments. In contrast, the new PayPal Links feature allows users to either send or request money by choosing the link option, entering an amount, and sharing the link in a conversation. This streamlines the process for one-time transactions, eliminating the need to search for or confirm the recipient’s profile or account details. As a result, payments are quicker and require fewer steps.

    Additionally, PayPal Links will soon support cryptocurrency in the U.S., enabling users to send Bitcoin, Ethereum, PYUSD, and other crypto or stablecoins to PayPal, Venmo, and compatible digital wallets.

    The feature will initially launch for users in the U.S., with plans to expand to additional markets—such as the U.K., Italy, and others—later this month.

    How PayPal Links Work: Easy Setup and Secure Sharing

    To generate a PayPal Link, users simply open the PayPal app, input the payment or request details, and create a unique, one-time link. Each link is private and tied to a specific transaction.

    You can share these PayPal Links in online chats, text messages, or direct messages when discussing payments, expenses, or purchases. The link expires after 10 days if you don’t use it. However, users have the option to resend a reminder or cancel the link at any time if necessary.

    The recipient simply taps the link to fulfill the request or receive the payment through the PayPal app, with the funds transferred instantly.

    PayPal also notes that personal payments are still not subject to 1099-K reporting requirements.

    Read the original article on: TechCrunch

    Read more: PayPal Partners With Chinese and Indian Wallets To Streamline Payments For 2 billion Users

  • PayPal Partners With Chinese and Indian Wallets To Streamline Payments For 2 billion Users

    PayPal Partners With Chinese and Indian Wallets To Streamline Payments For 2 billion Users

    On Wednesday, PayPal unveiled a new platform called PayPal World, developed in collaboration with global digital wallet providers to simplify cross-border commerce. The platform enables users to make payments using their local wallets and payment systems.
    Image Credits: Pexels

    On Wednesday, PayPal unveiled a new platform called PayPal World, developed in collaboration with global digital wallet providers to simplify cross-border commerce. The platform enables users to make payments using their local wallets and payment systems.

    Initial partners include India’s NPCI International Payments Limited, which runs the Unified Payment Interface (UPI); China’s Tenpay Global, Tencent’s payment division that powers the Weixin (WeChat) payment ecosystem; as well as PayPal and Venmo.

    Expanding into Latin America

    PayPal has also entered into a memorandum of understanding with Latin American fintech Mercado Pago, which facilitates card and mobile payments, as both sides finalize the agreement’s details.

    Through these collaborations, PayPal aims to reach over two billion users globally.

    “PayPal World is the first payments ecosystem of its kind, uniting many of the world’s leading payment systems and digital wallets on one platform,” said Alex Chriss, PayPal’s President and CEO, in a statement.

    “Moving money across borders is a highly complex challenge, but this platform will simplify the process for nearly two billion consumers and businesses,” the company said. “We believe today’s announcements could become a true game changer over time.”

    PayPal World Enables Seamless Payments Across Borders

    According to the fintech firm, PayPal World will allow PayPal and Venmo users to send money globally even to people without PayPal accounts. For example, travelers in China can use PayPal via the Weixin payment network to pay local merchants. Similarly, an Indian shopper buying from a U.S. website can check out using PayPal and pay through their UPI wallet.

    The combined user base and transaction volume of these wallet systems are enormous. For example, Mercado Pago processed  $58.3 billion in the first quarter of 2025, while India’s UPI handled over $238 billion in transactions in June alone, according to NPCI data.

    China’s Tenpay is also enhancing its cross-border infrastructure to support remittances and peer-to-peer payments.

    “We’re pleased that Tenpay Global, Tencent’s cross-border payment platform, will enable PayPal and Venmo users to make payments by scanning Weixin Pay QR codes, increasing global digital wallet access in mainland China,” said Wenhui Yang, CEO of Tenpay Global. “Beyond payments, we’ll deepen our partnership with PayPal World to improve remittances.”

    PayPal plans to launch the PayPal World platform this fall with its initial partners. By 2026, Venmo users will be able to shop both online and in-store with merchants that accept PayPal.

    Read the original article on: TechCrunch

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