PayPal: a series of innovations to 'revolutionize commerce

(CercleFinance.com) - PayPal presents a series of innovations designed to 'revolutionize commerce' thanks to personalization based on artificial intelligence (AI), aimed at both merchants and consumers.


The company is announcing the launch of 'Fastlane by PayPal', presented as a 'considerably faster and smarter' payment experience, and 'Smart Receipts', which provides customers with personalized recommendations based on AI.

Paypal also mentions its advanced offers platform, enabling merchants to propose 'relevant, personalized and real-time offers to consumers'.

In addition, the reinvented PayPal consumer app also offers shoppers new ways to earn cash back and more reasons to use PayPal.

"PayPal's mission is to revolutionize commerce on a global scale, and today we're starting the next chapter," assures PayPal CEO Alex Chriss, who took the opportunity to point out that his company handles nearly 25% of global e-commerce transactions each year.

With digital commerce expected to exceed $6 trillion by 2024, PayPal believes that 'merchants need new, advanced ways to speed up consumer payment processes, seamlessly and reduce lost sales'.


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