PayPal and Venmo Unveil Six New Innovations to Revolutionize Commerce

PayPal Holdings, Inc. yesterday announced six new innovations the company is piloting and bringing to market this year to revolutionize commerce through artificial intelligence (AI) driven personalization for both merchants and consumers during PayPal First Look keynote.

Alex Chriss, President and CEO, introduced a new PayPal checkout experience that radically speeds up check out for consumers and helps merchants convert transactions.

Fastlane by PayPal, a dramatically faster and smarter guest checkout experience; Smart Receipts, giving customers AI-personalized recommendations from merchants to keep them coming back; the PayPal advanced offers platform so merchants can provide relevant, personalized, real-time offers to consumers and drive more sales; a reinvented PayPal consumer app giving shoppers new ways to earn cash back and more reasons to use PayPal; and, Venmo’s enhanced business profiles, so small businesses can find and engage new customers, and grow their businesses.