Google and PayPal have entered into a long-term strategic partnership to offer users a new, AI-powered payment and shopping experience.
Under this collaboration, PayPal’s payment solutions, including “PayPal-branded checkout,” Hyperwallet, and Payouts, will be integrated into various Google products. At the same time, Google’s infrastructure and artificial intelligence technologies will be used to enhance the security, user experience, and convenience of these services.
PayPal’s corporate payment solutions will also serve as the primary card-based payment provider for products such as Google Cloud and Google Play.
Alphabet CEO Sundar Pichai stated, “PayPal will leverage our AI technologies to strengthen security and service quality. In turn, we will provide deeper integration of PayPal’s innovative payment solutions across Google products.”
Following this announcement, PayPal’s shares gained approximately 3% by the end of the trading day.
