Google and PayPal announce multiyear strategic partnership

Google (NASDAQ: GOOGL, GOOG) and PayPal (NASDAQ: PYPL) announced a multiyear strategic partnership on September 17 focused on advancing commerce solutions across platforms and devices.

The collaboration will integrate PayPal's payment solutions throughout various Google products, including PayPal branded checkout, Hyperwallet and PayPal Payouts solutions. PayPal Enterprise Payments will serve as a key payment processor for 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 developing AI shopping experiences and establishing standards for what the companies call "agentic commerce." PayPal will combine its global payment infrastructure with Google's AI expertise to create new digital commerce experiences.

PayPal will also partner with Google Cloud to update its technology infrastructure and applications to support its next-generation commerce and payments platform.

"Together with Google, we are leading the way for digital commerce, ensuring greater opportunities for merchants and users worldwide," said Alex Chriss, President and CEO of PayPal. "We are bringing PayPal's products and services to billions of Google users and redefining what's possible at global scale."

The companies stated they will advocate for adoption of Google's Agent Payments Protocol, described as a secure solution for future commerce transactions.

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