According to the press release, under the expanded partnership, Google Cloud will provide both infrastructure and analytics capabilities to support PayPal's growth, helping the company process transactional data at greater scale.
Following exponential 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 is the surge in ecommerce and user traffic triggered by the global pandemic.
Therefore, thanks to Google's Cloud infrastructure solutions, PayPal was able to add capacity to their infrastructure in just hours, a process that would have otherwise taken 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 quickly process transactions at high volume, as well as to analyse purchasing trends at volume with low latency.
Furthermore, Google has 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 US 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.
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