Google and PayPal have entered a multi-year strategic partnership to bring new AI shopping and payment experiences to their users, the companies said on Wednesday.

PayPal's shares ticked up over 3% in late afternoon trading.

The digital payments company's solutions, including PayPal-branded checkout, Hyperwallet and Payouts solutions, will now be integrated into a range of Google products.

"Through this partnership, PayPal will use our industry-leading AI to enhance services and security, and we will more deeply integrate PayPal's innovative payment capabilities for a better experience across Google products and platforms,"  said Sundar Pichai, CEO of Google parent Alphabet.

PayPal's Enterprise Payments will be a key payment provider, processing card payments across products such as Go

See Full Page