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Google and PayPal have formed a strategic alliance in which PayPal will serve as a primary payments provider for Google Cloud, Google Ads, and Google Play.
The partnership agreement between Google and PayPal outlines extensive integration of PayPal’s offerings within Google’s ecosystem. As part of this arrangement, PayPal will also handle a substantial share of card-based transactions across Google’s essential services.
This collaboration seeks to establish new benchmarks for digital commerce by merging Google’s AI capabilities with PayPal’s payment proficiency. PayPal’s solutions will be intricately woven into Google products, facilitating quicker and more secure transactions for both users and businesses.
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Particular focus will be directed towards enterprise services. PayPal Enterprise Payments will emerge as a principal payment operator for Google Cloud, Google Ads, and Google Play. Sundar Pichai, CEO of Google and Alphabet, remarked that the incorporation of PayPal’s cutting-edge payment functionalities will enhance user interactions with Google’s products and platforms, simplifying and securing online transactions.
Beyond payment processing, PayPal and Google Cloud will collaborate on upgrading their technological frameworks to establish a next-generation digital payments and commerce platform. The companies are also working on new commerce standards utilizing AI agents, which includes the rollout of the Agent Payments Protocol.
PayPal CEO Alex Chriss highlighted that this partnership aims at Google’s vast user base, generating new prospects for merchants and consumers globally.
Recently, Google unveiled the Universal Ledger (GCUL) DLT platform to enhance payment services and capital market offerings. Concurrently, PayPal is actively broadening its PYUSD stablecoin infrastructure and incorporating cryptocurrencies into peer-to-peer transfers.
Сообщение Google to Partner With PayPal for Payment Integration появились сначала на CoinsPaid Media.
