Sept 17 (Reuters) - Google and PayPal ( PYPL ) 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 ( PYPL ) shares ticked up over 3% in late afternoon trading.
The digital payments company's solutions, including
PayPal ( PYPL )-branded checkout, Hyperwallet and Payouts solutions, will
now be integrated into a range of Google products.
"Through this partnership, PayPal ( PYPL ) will use our
industry-leading AI to enhance services and security, and we
will more deeply integrate PayPal's ( PYPL ) innovative payment
capabilities for a better experience across Google products and
platforms," said Sundar Pichai, CEO of Google parent Alphabet
.
PayPal's ( PYPL ) 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 ( PYPL ) 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.