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Image Credit: Marques Thomas

The Digest:

PayPal is in discussions with African fintech companies to launch "PayPal World" in 2026, a digital wallet layer designed to integrate with existing local platforms instead of replacing them.

Key Points:
  • PayPal is developing "PayPal World," a cross-border digital wallet layer set to launch in 2026.
  • The service will integrate with existing African mobile money and fintech wallets, not require standalone accounts.
  • The goal is to enable seamless cross-border wallet-to-wallet payments across Africa's fragmented digital finance landscape.
  • This model places compliance, KYC, and consumer protection responsibilities on local licensed partners.
  • The initiative targets high-cost barriers in African remittances, e-commerce, and SME trade payments.
  • PayPal has not yet disclosed specific fintech partners, pilot markets, or fee structures.
  • The move aligns with global efforts to improve payment interoperability in one of the world's fastest-growing digital markets.
This partnership model reflects a shift in global strategy: not to compete with local champions, but to connect them.

Sources: bne IntelliNews