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Google and PayPal Announce Multiyear Partnership to Integrate Payments and Advance AI Commerce

The deal makes PayPal a key card processor across Google Cloud, Google Ads, and Google Play.

A smartphone with the PayPal logo is placed on a laptop in this illustration taken on July 14, 2021. REUTERS/Dado Ruvic/File Photo
The Google logo is pictured at the entrance to the Google offices in London, Britain January 18, 2019. REUTERS/Hannah McKay
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Overview

  • The companies unveiled a multiyear agreement to embed PayPal’s branded checkout, Hyperwallet, and Payouts across Google products.
  • PayPal Enterprise Payments will serve as one of the key providers processing card payments for Google Cloud, Google Ads, and Google Play.
  • PayPal will tap Google’s AI to enhance services and security as the firms co-develop new AI shopping experiences for agentic commerce.
  • Both companies will promote industry standards for agent-enabled transactions, including Google’s Agent Payments Protocol.
  • PayPal will partner with Google Cloud to reengineer its technology foundations, while PYPL shares rose about 2.6% in regular trading and nearly 2% after hours following the announcement.