Google and PayPal Forge Strategic Partnership to Revolutionize AI-Powered Commerce

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 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.