Google $GOOGL (+0,59%) and PayPal $PYPL (+0,56%) announced a multi-year strategic partnership to jointly revolutionize commerce. The goal is to create frictionless digital shopping experiences and set new standards for innovation in the commerce ecosystem.
The collaboration covers several areas:
- Agentic Shopping and Commerce ExperiencesThe companies are working together to develop new AI-supported shopping experiences. This will combine Google's AI expertise and PayPal's global payment infrastructure. They are also committed to introducing best practices such as Google's Agent Payments Protocol, a secure and scalable solution for future AI-based commerce.
- Integration of PayPal solutionsPayPal solutions such as PayPal Checkout, Hyperwallet and PayPal Payouts will be integrated into various Google products to enable seamless experiences.
- Advanced payment processingPayPal Enterprise Payments will become one of the main payment providers for card payments on Google products such as Google Cloud, Google Ads and Google Play.
- Expansion of Google Cloud usagePayPal will work with Google Cloud to modernize its technology foundations, applications and infrastructure to power the next generation of its commerce and payments platform.
This partnership is designed to provide consumers, merchants and developers with flexible tools for the next generation of digital commerce.
Let's see what this cooperation will do to the course 🤑🤞🏼
