Google and PayPal Join Forces to Revolutionize AI-Powered Shopping and Payments

Google, PayPal partner to roll out AI-powered solutions across platforms

Sept 17 (Reuters) - Google and PayPal (PYPL.O), opens new tab have entered a multi-year strategic partnership to bring new AI shopping and payment experiences to their users, the companies said on Wednesday. PayPal's shares ticked up over 3% in late afternoon trading. The digital payments company's solutions, including PayPal-branded checkout, Hyperwallet and Payouts solutions, will now be integrated into a range of Google products. "Through this partnership, PayPal will use our industry-leading AI to enhance services and security, and we will more deeply integrate PayPal's innovative payment capabilities for a better experience across Google products and platforms,"  said Sundar Pichai, CEO of Google parent Alphabet (GOOGL.O), opens new tab. PayPal's Enterprise Payments will be a key payment provider, processing card payments across products such as Google Cloud and Google Play, among others. Earlier this month, PayPal said it has partnered with Perplexity to provide its users early access to the company's new AI-powered Comet browser through a 12-month trial of its Pro subscription. The AI startup provides artificial intelligence search tools that deliver information summaries to users. Reporting by Juby Babu in Mexico City; Editing by Shinjini Ganguli Our Standards: The Thomson Reuters Trust Principles., opens new tab

PayPal and Google Want to Help You Shop Online With AI

Google is working to expand its role in agentic commerce, with AI agents that can help shoppers find and compare products, as well as make purchases online. PayPal and Google are teaming up to help you shop online with artificial intelligence. As part of a multiyear deal, Google will embed PayPal (PYPL) across its platforms for a more seamless payment experience, while PayPal will use Google's AI to enhance its e-commerce services, the companies announced yesterday. Google and Alphabet (GOOGL) CEO Sundar Pichai said he expects the tie-up to drive a "better experience across Google products and platforms," with PayPal CEO Alex Chriss saying it could bring "greater opportunities for merchants and users worldwide." The move comes as Google works to expand its role in agentic commerce, with AI agents that can help shoppers find and compare products, as well as make purchases online. Earlier this week, the company unveiled a new software standard that aims to make chatbot-enabled purchases easier, and more reliable. Shares of Google parent Alphabet were up close to 1% near $152 in recent trading, just below an all-time high set earlier this week. They've added roughly a third of their value this year as the tech giant has seen revenues surge and touted signs of success with its AI initiatives. Meanwhile, PayPal's stock was little changed around $69 Thursday, leaving it down some 20% this year after a disappointing second quarter, with some Wall Street analysts suggesting it could be a while before the partnership stands to make a meaningful difference for PayPal's results. Morgan Stanley analysts said in a note to clients Thursday that they view the partnership as a "step in the right direction" for PayPal, though they added it may be "unlikely to meaningfully move the needle near-term." They maintained a neutral rating and $75 target for the stock, a bit below the $80 mean of analysts surveyed by Visible Alpha.

Google and PayPal agree multi-year commerce collaboration

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The two firms have set an ambition to develop new AI shopping experiences and standards, merging PayPal's infrastructure with Google's Agent Payments Protocol for agentic payments. The protocol uses mandates - tamper-proof, cryptographically-signed digital contracts - that serve as verifiable proof of a user's instructions. This, says Google, addresses the two primary ways a user will shop with an agent: real-time purchases where the human is present, and delegated tasks where the person is not present. To deepen the partnership, PayPal's branded checkout, Hyperwallet and Payouts will be embedded across Google's shopping and payment platforms, while its enteprise payments business will become one of the key payment providers processing card payments across products like Google Cloud, Google Ads, and Google Play. "In this emerging world of agentic commence, trust and innovation are key," says Alex Chriss, president and CEO of PayPal. "Together with Google, we are leading the way for digital commerce, ensuring greater opportunities for merchants and users worldwide. We are bringing PayPal's products and services to billions of Google users and redefining what's possible at global scale."

Sundar Pichai Says He's 'Excited' About Teaming Up With PayPal On AI Shopping And Payments: PYPL Spikes After Hours - Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL)

On Wednesday, PayPal Holdings Inc. PYPL shares climbed after CEO Alex Chriss and Alphabet Inc. GOOG GOOGL CEO Sundar Pichai announced a multi-year partnership to integrate PayPal's payment solutions with Google's AI-powered shopping and cloud platforms. PayPal shares rose 2.65% during the regular trading session and gained another 1.97% in after-hours trading, according to Benzinga Pro. On Wednesday, Alphabet's Class A shares closed down 0.65% at $249.52, while Class C shares slipped 0.62% to $249.85. PayPal And Google Announce Strategic Partnership PayPal and Google revealed a multi-year strategic deal aimed at creating new artificial intelligence shopping and payment experiences. The integration will make PayPal's branded checkout, Hyperwallet and Payouts solutions available across Google products, including Google Cloud and Google Play. "PayPal is teaming up with @Google to bring smarter shopping to billions -- think agentic commerce and PayPal checkout everywhere," Chriss wrote on X, formerly Twitter. "Global scale, redefined. Excited for this new chapter in our partnership @sundarpichai." Pichai echoed the enthusiasm, saying, "Excited to expand our work together with @paypal to make online transactions simpler and more secure." See Also: Ross Gerber Says Alphabet Stock Is 'Inexpensive': Analyst Cites 4 Factors Why Google-Parent Is Undervalued Compared To Mega Cap Peers AI At The Core Of The Deal Alphabet said its AI tools will enhance PayPal's services and security while enabling deeper integration of PayPal's payment capabilities across Google platforms. "Through this partnership, PayPal will use our industry-leading AI to enhance services and security and we will more deeply integrate PayPal's innovative payment capabilities for a better experience across Google products and platforms," Pichai said. PayPal, Google Deepen Fintech Push With AI And 'Pay Over Time' Partnerships Earlier this month, PayPal announced a deal with Perplexity to give users early access to the startup's AI-powered Comet browser via a 12-month Pro subscription trial. Meanwhile, Google has also been deepening ties with fintech players. In August, Affirm Holdings expanded its collaboration with Google Pay, allowing U.S. shoppers to access "pay over time" options directly through Chrome's desktop autofill. Benzinga's Edge Stock Rankings show that PYPL continues to trend downward across short, medium and long-term horizons, with more detailed performance insights available here. Read Next: Apple May See Fewer Searches In Safari, But Google CEO Sundar Pichai Insists AI Is Fueling Overall Query Growth: 'Far From A Zero-Sum Game' Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Photo Courtesy: Ink Drop on Shutterstock.com GOOGAlphabet Inc$251.860.17%Stock Score Locked: Edge Members Only Benzinga Rankings give you vital metrics on any stock - anytime. Unlock RankingsEdge RankingsMomentum88.29Growth79.25Quality86.99Value38.54Price TrendShortMediumLongOverviewGOOGLAlphabet Inc$251.550.16%PYPLPayPal Holdings Inc$69.974.67%Market News and Data brought to you by Benzinga APIs

PayPal and Google Partner to Advance Agentic Commerce | PYMNTS.com

With the combination of PayPal's global payment infrastructure, personalization and identity solutions and Google's artificial intelligence (AI) expertise, the companies will create new AI shopping experiences and develop standards for agentic commerce, according to the release. The partnership also includes embedding PayPal's branded checkout, Hyperwallet global payout capabilities and PayPal Payouts mass payments solutions across Google's platforms; making PayPal Enterprise Payments a key payment provider processing card payments across Google Cloud, Google Ads and Google Play; and working with Google Cloud to power the next generation of PayPal's commerce and payments platform, per the release. Google and Alphabet CEO Sundar Pichai said in the release: "Through this partnership, PayPal will use our industry-leading AI to enhance services and security, and we will more deeply integrate PayPal's innovative payment capabilities for a better experience across Google products and platforms." PayPal President and CEO Alex Chriss said in the release that trust and innovation are key in the emerging world of agentic commerce. "Together with Google, we are leading the way for digital commerce, ensuring greater opportunities for merchants and users worldwide," Chriss said. Google said in a Tuesday (Sept. 16) blog post that it developed its Agent Payments Protocol (AP2) in tandem with payments and tech firms, including PayPal. AP2 is designed to "securely initiate and transact agent-led payments across platforms," the company said in the post. Google is collaborating on agentic payments with more than 60 companies, including PayPal, Adyen, American Express, Mastercard, Coinbase and Revolut. PayPal led off its April earnings call with an announcement about agentic commerce. Chriss said during the April 29 call that the company had launched a remote Model Context Protocol (MCP) server and enabled leading AI agent frameworks to integrate with PayPal application programming interfaces (APIs). "Now any business can create agentic experiences that allow customers to pay, track shipments, manage invoices and more, all powered by PayPal and all within an AI client," Chriss said.

PayPal stock climbs after strategic partnership with Google By Investing.com

Investing.com -- PayPal (NASDAQ:PYPL) stock climbed Wednesday, rising 2% after the digital payments giant announced a multiyear strategic partnership with Google (NASDAQ:GOOGL) aimed at transforming commerce across platforms and devices. The collaboration will integrate PayPal's payment solutions throughout Google's ecosystem while leveraging Google's AI capabilities to enhance PayPal's services. Under the agreement, PayPal Enterprise Payments will become a key provider processing card payments across Google Cloud, Google Ads, and Google Play. "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. "Through this partnership, PayPal will use our industry-leading AI to enhance services and security, and we will more deeply integrate PayPal's innovative payment capabilities for a better experience across Google products and platforms." The partnership will focus on several key areas, including the development of AI-powered shopping experiences and the creation of industry standards for "agentic commerce" - commerce facilitated by AI agents. PayPal's branded checkout, Hyperwallet, and PayPal Payouts solutions will be integrated across various Google products. Additionally, PayPal will expand its relationship with Google Cloud to reimagine its technology foundations, applications, and infrastructure to power its next-generation commerce and payments platform. PayPal CEO Alex Chriss emphasized the importance of trust and innovation in the emerging world of AI-facilitated commerce, noting that the partnership would bring PayPal's products and services to billions of Google users worldwide. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Google, PayPal Ink Multiyear Partnership on Digital Commerce

Alphabet's Google and PayPal have formed a multiyear strategic partnership to combine their digital commerce capabilities and develop AI-based shopping experiences. PayPal said Wednesday that the team-up will harness PayPal's global payment infrastructure and Google's expertise on AI to deliver new experiences in what is being called agentic commerce, in which AI-powered agents perform tasks like discovering new products, comparing options and making purchases for consumers. The companies also intend to develop standards for agentic commerce and advocate for the adoption of best practices, including Google's Agent Payments Protocol, which it describes as an open-source protocol for AI agents to make transactions on behalf of users. Google will be integrating PayPal's branded checkout, Hyperwallet and PayPal Payouts into its products, and PayPal Enterprise Payments will become one of the key payment providers processing card payments across products including Google Cloud, Google Ads and Google Play. PayPal will also partner writh Google Cloud to overhaul its technology foundations, applications and infrastructure, the company said. "We are bringing PayPal's products and services to billions of Google users and redefining what's possible at global scale," PayPal Chief Executive Alex Chriss said.