Read More: As part of the agreement, PayPal and UPI have also committed to collaborating to better serve joint customers and merchants to grow digital payments in China and globally. This will include the opportunity for PayPal customers from around the world to use PayPal at the merchants where UnionPay is accepted. "With about 130 million UnionPay cards issued outside mainland China, UnionPay cards are becoming an important payment option of more and more global customers," said Larry Wang, vice president, UnionPay International. "We are very glad to deepen collaboration with PayPal, the global leader in e-commerce. Both parties will jointly explore and implement the application of new products and new payment modes in the field of cross-border payment, hoping to better serve our cardholders and create greater value for both sides." The global partnership also includes a commitment from both companies to create joint customer awareness campaigns to "Pay with UnionPay" at PayPal merchants worldwide.