PayPal Advances AI Plans as BNPL Payment Volume Rises 25%
By PYMNTS
AI summary of the source article
PayPal is preparing for artificial intelligence-driven purchases to accelerate checkout growth as its buy now, pay later payment volume increased 25%. CEO Enrique Lores discussed validation between consumer agents and merchant agents during the third-quarter earnings call.
Key facts
- PayPal's buy now, pay later (BNPL) payment volume rose 25%.
- PayPal is preparing for AI-driven purchases while working to accelerate checkout growth.
- CEO Enrique Lores addressed agent-to-agent transaction validation during the company's third-quarter earnings call.
Source excerpt · PYMNTS
PayPal is preparing for artificial intelligence-driven purchases while working to accelerate checkout growth. “If you think about consumer agents buying from merchant agents, both will have to validate that this is a real consumer who can pay and a real merchant that has the product,” CEO Enrique Lores said during the company’s third-quarter earnings call […] The post PayPal Advances AI Plans as B…