PayPal is piloting and bringing to market six innovations to revolutionise commerce through artificial intelligence (AI) driven personalisation for both merchants and consumers.
Expected to roll out in the US this year, the innovations include:
- New PayPal checkout experience for faster transactions and increased merchant conversion
- Fastlane by PayPal: A faster and smarter guest checkout experience
- Smart Receipts: AI-personalised recommendations to build customer loyalty
- PayPal advanced offers platform: Enables merchants to provide relevant, personalised, real-time offers
- Reinvented PayPal consumer app: Offers new ways to earn cash back and enhances user experience
- Venmo’s enhanced business profiles: Helps small businesses find and engage new customers, facilitating business growth
“From new solutions for merchants to speed up checkout and personalise offers, to a new consumer app that will give our loyal customers more reasons to shop with PayPal, PayPal has always brought the future of money to our consumers and merchants and today marks the next revolution,” said Alex Chriss (top), President and CEO of PayPal.
Entelechy Asia 