PayPal has launched its PayPal Commerce Platform, helping businesses connect to its 277 million users worldwide.

The new platform, which will initially be available in the UK, France, Italy, Germany, Spain, and the US, brings together a set of technologies, tools, services, and financing – designed to meet the needs of marketplaces and ecommerce solution providers of all sizes.

Key benefits include:

- enabling sellers to accept transactions in more than 100 currencies;

-streamlining compliance by helping businesses meet the demands of local regulators across the 200+ markets in which PayPal operates;

providing protection against fraud using AI and ML.

PayPal plans to extend the PayPal Commerce Platform to more than 40 markets by the end of 2019.