PayPal Expands PYUSD Reach to 70 Global Markets, Boosting Financial Access Across Africa

The tech giant rolls out its dollar-backed stablecoin to millions of international users and businesses, offering a more affordable, reliable, and secure way to navigate global trade.

In SAN JOSÉ, United States Paypal makes a major move to modernize international payments, PayPal has officially integrated its stablecoin, PayPal USD (PYUSD), into user accounts across 70 countries worldwide. The expansion introduces a faster, significantly cheaper alternative to traditional banking rails, allowing individuals and businesses to move capital globally without the steep friction points of legacy financial systems.

As the digital economy grows, the demand for frictionless cross-border transactions has skyrocketed. Stablecoins like PYUSD are stepping into this gap, laying the groundwork for a more inclusive financial ecosystem that operates at a fraction of the traditional cost.

“Today’s consumers and enterprises need international payment options that match the speed of the modern world,” noted May Zabaneh, Senior Vice President and General Manager of Crypto at PayPal. “The traditional financial infrastructure relies on outdated timelines and demands high fees. By embedding PYUSD into accounts across 70 markets, we are putting immediate liquidity, cheaper remittance options, and a direct link to the global economy right into our users’ hands.”

Unlocking African Markets

The expansion places a particular emphasis on the African continent, a region experiencing rapid economic dynamism. According to Otto Williams, Senior Vice President and General Manager of the Middle East and Africa at PayPal, the rollout is designed to drive practical, everyday utility.

“For consumers, it provides a stable, highly adaptable framework to transfer money rapidly. For enterprises, it optimizes cross-border capital management and accelerates settlement times,” Williams stated. “Introducing a regulated, dollar-backed asset to these regions actively dismantles trade barriers and smooths out the friction points that historically slowed down local growth.”

Key Features for Users and Businesses

Depending on local regulatory frameworks, users in the newly supported regions can now manage PYUSD directly from their PayPal dashboards via several key features:

• Asset Management: Users can buy, hold, send, and receive PYUSD
• Flexible Transfers: Funds can be sent to friends and family within PayPal or transferred out to external digital wallets.
• Local Conversions: PYUSD can be converted back into local fiat currencies to cover daily expenses.
• Yield Opportunities: Eligible account holders can earn rewards on their PYUSD balances (though this feature is excluded for users in the UK and Singapore).

For merchants, accepting PYUSD fundamentally shifts how working capital is managed. Instead of waiting days or weeks for international clearings, businesses can access their funds within minutes. This dramatic reduction in settlement cycles optimizes cash flow, simplifies

cross-border operations, and allows companies to scale internationally with greater agility.

Building a Ubiquitous Digital Asset

This global rollout builds upon PYUSD’s initial 2023 launch in the United States. By spreading the stablecoin across Africa, the Asia-Pacific region, Europe, Latin America, the Middle East, and North America, PayPal is creating the liquidity and widespread utility required to foster a truly interconnected global market.

Ultimately, the expansion helps everyday consumers cut remittance costs while giving businesses a vital tool to dodge heavy foreign exchange fees and eliminate settlement delays.

About PayPal USD (PYUSD): PYUSD is issued by Paxos Trust Company, A., a fully-chartered trust entity operating under the regulation of the Office of the Comptroller of the Currency (OCC). The asset maintains a strict 1:1 peg with the U.S. dollar, backed fully by U.S. dollar deposits, short-term U.S. Treasuries, and equivalent cash reserves. Users can buy or sell PYUSD at a flat $1.00 rate through both PayPal and Venmo. PayPal, Inc. holds a Virtual Currency Business Activity license from the New York State Department of Financial Services (NMLS ID #: 910457).

About PayPal: For over a quarter-century, PayPal has remained at the forefront of the global commerce evolution. By engineering secure, intuitive, and highly personalized ways to shop, transfer, and manage capital, the platform empowers users across roughly 200 markets to participate meaningfully in the global economy. Discover more at https://www.PayPal.com.

Media Contact: MediaRelations@paypal.com

Disclaimers:

The exact interface and feature availability may shift depending on localized regional.

Reward incentives are subject to change at PayPal’s sole discretion, are not guaranteed, and do not apply to users located in Singapore or the United Review full terms at https://apo-opa.co/3RctVZh.

Standard terms and conditions apply to all local currency withdrawals: https://apo-opa.co/3RctVZh.

SOURCE: PayPal