A completely new PayPal checkout experience that radically speeds up check out for consumers
In brief:
- PayPal announced six new innovations the company is piloting and bringing to market this year to revolutionise commerce through AI driven personalisation for both merchants and consumers.
- With digital commerce expected to exceed $6 tn in 20241, merchants need new, advanced ways to speed consumers through checkout in a seamless way that reduces lost sales.
- PayPal is also leveraging AI-powered suggestions that are based on shopper behaviour data, combined with the scale of what PayPal can see across the web.
What does this mean?
“PayPal is on a mission to revolutionise commerce, globally, and today we are starting the next chapter,” said Alex Chriss, President and CEO, PayPal. “With nearly 400 million consumer accounts, and 35 million merchant accounts, PayPal handles transactions for about a quarter of the world’s e-commerce transactions each year, but more importantly, shoppers trust PayPal to power their payments.”
