PayPal, Google Cloud expand partnership to bolster transactional data scale

Payments juggernaut PayPal has strengthened its partnership with Google Cloud to help it process transactional data at a larger scale.

The extended partnership will see PayPal – which has a hybrid cloud strategy – move more of its core infrastructure and workloads to Goggle.

PayPal has seen a 24% spike in total active customer accounts during the pandemic, with users now totalling 392 million. This has been described as a key driver for the shift in digital commerce and user traffic.

Google Cloud noted it enables PayPal to add capacity to its infrastructure in a matter of hours – a process the company claims would have otherwise taken months to complete.

In addition, PayPal was able to use SAP’s Financial Products Subledger – delivered at huge scale on Google Cloud – to quickly processes transactions at a high capacity as well as to examine purchasing trends at scale with low latency.

PayPal VP of site reliability and cloud engineering Wes Hummel said, “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.”

Copyright © 2021 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.