- Paypal and Alphabet announced a new multi-year partnership to enhance digital commerce with Artificial Intelligence.
- PayPal will implement Google‘s Ai technology to develop new shopping experiences and improve security.
- Google will integrate PayPal‘s payment solutions across its major products, including Cloud, Ads, and Play.
- The partnership includes joint work on technology infrastructure and advocating for Google’s new Agent Payments Protocol.
- Shares of both companies rose following the announcement, with PayPal rebounding and Alphabet continuing recent gains.
PayPal and Alphabet revealed a multi-year partnership to expand the use of artificial intelligence (AI) in digital commerce. The agreement, announced publicly this week, will see PayPal leveraging Google‘s AI to create new shopping features and increase security for users. In return, PayPal services will be integrated across several Google products.
The collaboration will also extend to technology infrastructure, with PayPal working alongside Google Cloud to support and improve its systems. Both companies say they want to make online transactions easier and more secure. “PayPal is a leader in digital commerce, and we’re excited to expand our work together to make online transactions simpler and more secure,” said Sundar Pichai, CEO of Google and Alphabet.
Alex Chriss, President and CEO of PayPal, stated, “Together with Google, we are leading the way for digital commerce, ensuring greater opportunities for merchants and users worldwide.” As part of the agreement, PayPal will become a primary payment provider for card transactions on platforms such as Google Cloud, Google Ads, and Google Play. The companies will also support industry adoption of the new Agent Payments Protocol, a set of proposed standards to improve digital transactions.
Shares of PayPal (PYPL) showed gains, bouncing back from six months of declines and stabilizing at around $68. Alphabet (GOOGL) stock rose as well, up 3% over the past week and more than 21% in the last 30 days. Both stocks increased slightly on the day of the announcement.
This move brings PayPal‘s payment tools to billions of Google users globally and signals a push for more secure, AI-powered online shopping. Additional details about future integrations or new products will be released as the companies move forward with the partnership.
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