PayPal accelerates digital transformation with Google Cloud

PayPal is expanding its existing partnership with Google Cloud to further accelerate the company’s digital transformation.

Google Cloud will now provide both infrastructure and analytics capabilities to support PayPal’s growth by enabling it process data at a larger scale.

The payments business said that a key reason for the shift is the surge in digital commerce and user traffic triggered by the pandemic. The company has seen a 24 per cent spike in total active customer accounts, now totalling 392 million active users.

“We can only develop fast, build fast, and deploy fast if we have infrastructure that’s as nimble as we are,” said Wes Hummel, vice president, site reliability and cloud engineering, PayPal. “By leveraging the power of the cloud, our teams can focus on providing the best products, capabilities and services to our customers.”

Hummel added: “As a part of our strategic partnership, we’re working side-by-side with Google Cloud to scale and secure our infrastructure for the future.”

Derek White, vice president of global financial services, Google Cloud, said: “E-commerce has spiked during the pandemic, with people using less cash. As a result, payments providers have been in high demand. We're working with PayPal to leverage the power of the cloud to make shopping and e-commerce easier, faster, and more secure. And that's a win for businesses and consumers.”

    Share Story:

Recent Stories


Meet Evelyn, your Economic Sanctions/PEP/Adverse Media Alert Adjudication Analyst
Meet Evelyn, an Economic Sanctions/PEP/Adverse Media Alert Adjudication Analyst, who uses native AI/ML capabilities to automate the Customer/PEP screening and Negative News screening alert adjudication processes for leading BFS organizations with greater speed, accuracy, and consistency than human analysts.

New Business Frontiers
FStech’s Mark Evans discusses the future of financial services with Liu Jianning of Huawei, covering the limitations that current thinking can impose, how financial institutions can embrace technology to be both agile and resilient, and making space for the organisation to focus on the job of creating innovative business models and on delivering business value for their customers.

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.