India's UPI has become a global leader in fast payments, handling over 640 million transactions daily and powering nearly 50% of all real-time digital payments worldwide.

Payments firm PayPal has partnered with the operator of India’s popular unified payments interface and others to launch a global platform through which consumers can make cross-border payments to businesses.

The platform, called PayPal World, is expected to launch later this year and will enable interoperability between local payment systems and PayPal