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yesterday

Google and PayPal Strike Multiyear Deal to Embed PayPal Across Google and Build AI-Driven Commerce

The pact pairs Google’s AI with PayPal’s global network to advance agent-led commerce.

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

  • PayPal’s branded checkout, Hyperwallet, and PayPal Payouts will be integrated across Google products, including Google Ads, Google Play, and Google Cloud.
  • PayPal Enterprise Payments will serve as a key provider processing card payments for Google Cloud, Google Ads, and Google Play.
  • Google will apply its AI to enhance PayPal’s services and security, while PayPal will modernize its technology foundation on Google Cloud.
  • The companies are promoting Google’s Agent Payments Protocol for AI-initiated purchases, with reported backing from more than 60 merchants and financial institutions.
  • Specific agentic shopping experiences were not detailed, and PayPal shares rose following the partnership announcement.