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.”
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