New York, July 25 - PayPal is set to become the first truly global platform for payment.

San Jose-based PayPal, which is a company of eBay, announced Friday that it plans to open its online payment platform to third-party developers. Till now, PayPal could be used to pay for deals made by its members on eBay.

In a statement, PayPal said its newly launched application programming interfaces (APIs) will allow developers to embed its secure global payment system into their applications and platforms.

In opening up the PayPal platform, developers can now create new ways to send and receive payments for services beyond traditional e-commerce, the statement said.

The global leader in e-commerce, PayPal has more than 75 million active accounts in 19 currencies around the world. It enables its members to send money without sharing financial information.

PayPal also offers them the flexibility of paying from their account balances, bank accounts, credit cards or personal financing.