In this article, we propose a new robust and highly efficient digital predistortion (DPD) concept for the linearization of wideband RF power amplifiers (PAs). The proposed approach is based on the combination of a parallelized delta-sigma modulator (DSM) and a forward model of the PA. This concept applies multi-rate techniques on a DSM that incorporates the forward PA model in its feedback loop to perform the required signal predistortion. Such a technique eliminates the need of reverse modeling and its associated problems. The multi-rate approach relaxes enormously the clock speed requirement of the DPD, which allows handling high signal bandwidths at feasible sampling rates. Moreover, enhanced performance can be achieved without the need of increasing the order of the modulator which reduces the sensitivity of the system to gain variations and phase distortions caused by the nonlinear PA characteristics. Three time-interleaved parallel DPD (P-DPD) variants are described and introduced, all of them have been shown to offer increased accuracy, and consequently better linearization performance compared to the DSM-based DPD state-of-the-art. The proposed architectures are tested and assessed using extensive real-world RF measurements at the 3.6 GHz band utilizing wideband 100 MHz 5G New Radio (NR) transmit waveforms, evidencing excellent transmit signal quality.