PayPal has announced a significant step in its global payments strategy by tapping Xoom to facilitate cross-border payments using its stablecoin, PayPal USD (PYUSD), as of November 19. This initiative is specifically designed to broaden access to PYUSD in key markets across Asia and Africa,

PayPal Holdings Inc. has made another move in its efforts to leverage its Xoom cross-border payments platform for its stablecoin, PYUSD. The payments giant early Tuesday said Xoom users will be able to use PYUSD to settle money transfers they make through the service.

Discover how PayPal's partnership with Xoom and $PYUSD integration enhances global payment systems and expands access in Asia and Africa.

Cebuana Lhuillier and Yellow Card will be the first Xoom disbursement partners to utilise PYUSD for cross-border transactions.

PayPal has tapped Xoom to enable cross-border payments using its stablecoin, PayPal USD (PYUSD), the payments giant said on Nov. 19. The partnership is designed to expand access to PYUSD in Asian and African markets and let PayPal settle cross-border transactions outside of traditional banking hours,