PayPal deepens partnership with Google Cloud to support growth
Google Cloud and PayPal are deepening their relationship to further accelerate PayPal's digital transformation and evolving customer needs, according to a statement from the companies.
Under this expanded relationship, Google Cloud will provide both infrastructure and analytics capabilities to support PayPal's growth, helping the company process transactional data at huge scale.
Following significant growth since it became an independent company in 2015, PayPal set out to scale its infrastructure globally, while also creating new products and services for customers.
As a major step forward in its hybrid cloud strategy, PayPal is moving more of its core infrastructure and workloads to Google Cloud.
One key reason for this shift, according to the company, is the increase in digital commerce and user traffic triggered by the global pandemic.
The company states this led to a 24% spike in PayPal's total active customer accounts, now totalling 392 million active users as of the end of Q1 2021.
With Google Cloud's infrastructure solutions, PayPal was able to add capacity to their infrastructure in hours, a process that could have taken up to months to complete.
In addition, with the bulk of its online transactional data residing in its SAP S/4HANA database, PayPal was able to leverage SAP's Financial Products Subledger, delivered at massive scale on Google Cloud, to process transactions at high volume, as well as to analyse purchasing trends at volume with low latency.
During peak traffic times, such as heightened online shopping periods, PayPal was able to process 1,000 payments per second, a 22% increase from 2019.
Google Cloud's ability to stagger workloads, and to scale computing resources up or down during peak and off-peak times, ensured PayPal could deliver exceptional customer experiences during these high-traffic events, the company states.
PayPal vice president site reliability and cloud engineering Wes Hummel says, “We can only develop fast, build fast, and deploy fast if we have infrastructure that's as nimble as we are.
"By leveraging the power of the cloud, our teams can focus on providing the best products, capabilities and services to our customers.
"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.
Google Cloud vice president global financial services Derek White says, “eCommerce 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 eCommerce easier, faster, and more secure. And that's a win for businesses and consumers.
Google also recently introduced PayPal as a payment method for Google Ads and Google Workspace.
By adding PayPal, Google is able to better serve PayPal's ecosystem of consumers and merchants.
This payment option, currently available in the United States and select European countries, builds on the existing payment integration with Google Play and Buy on Google, where consumers and businesses can use PayPal at checkout.