PayPal officially launched the PayPal Open global payment platform today, aiming to help Chinese merchants accelerate their global layout, achieve safer, more efficient, stable, and sustainable cross-border business growth through AI powered new products and optimized consumer experience. The newly upgraded platform will integrate and optimize more localized product features and services, as well as the upcoming global leading solutions.
Today, members of PayPal's global and China management teams gathered with over 700 merchants from all over the country, as well as more than 30 partners, to discuss topics such as PayPal's global and China business development priorities, product plans, future business visions, and agent based artificial intelligence. They also shared the latest consumer market insights to help Chinese merchants seize opportunities and define the future.
PayPal Global Payment Platform: Version 2.0 Integrated Payment Platform Drives Rapid Growth of Cross border E-commerce
The 1.0 version of PayPal global payment platform, which was launched last year, has gained high recognition from many merchants and significantly improved sales conversion rates. This year, after upgrading to a global payment platform, its stability and scalability have significantly improved. At the same time, PayPal's global payment platform will also provide multiple new capabilities, focusing on cost reduction and efficiency improvement, and promoting sustainable growth for merchants.
Faster, smarter, and more intuitive checkout experience, enhancing customer stickiness and loyalty:
The above two products are about to be launched in China. In addition, by 2026, Venmo users will be able to make purchases at millions of online merchants and physical stores worldwide that accept PayPal payments. For businesses, this new channel can help them effectively reach the Venmo user group, which is young, urbanized, has high purchasing power, and is known as a digital native consumer.
PayPal's Senior Vice President and CEO for China, Han Qiu, stated, "PayPal has a long-term commitment to the Chinese market, and we are always committed to helping Chinese merchants step onto the international stage and achieve success. This year, through platform upgrades, we will not only provide more comprehensive and powerful cross-border payment solutions, but also leverage PayPal's leading Agentic AI capabilities to help Chinese merchants seize future business opportunities and achieve sustainable global business growth. “
In addition, as part of this event, PayPal China held its first developer hackathon during the Cross border E-commerce Conference, encouraging developers to innovate and develop smarter and more automated cross-border payment solutions through the PayPal Agent AI Toolkit.
About PayPal
PayPal has been at the forefront of the digital commerce revolution for over 25 years. By using technology to make remittances and shopping more convenient, affordable, and secure, the PayPal platform enables hundreds of millions of consumers and merchants in nearly 200 markets worldwide to participate in the global economy and thrive.