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February 28, 2020

PayPal signs deal to leverage new Google Cloud site

US-based payment services provider PayPal has signed a multi-year contract to leverage Google Cloud’s site in Salt Lake City region.

The decision comes at the time when Google Cloud opened a new cloud region based in Salt Lake City.

As agreed, PayPal will migrate key portions of its payments infrastructure to the region.

The payments company selected the Salt Lake City region for low-latency access to its own data centre.

PayPal vice-president of Employee Technology & Experiences and Data Centers Dan Torunian said: “When it comes to processing a financial transaction, security and speed count. We are always looking for ways to better serve our customers, and we believe Google Cloud’s offering is the right fit when it comes to providing security, quality and velocity.

“Expanding our relationship with Google Cloud gives us access to new features and capabilities that help us manage seasonal surges in payment transactions and reduce regional expansion costs and complexities.”

The Salt Lake City region is Google Cloud’s sixth region in the US and third in the western US. The cloud computing services provider has 22 regions globally, including the new Salt Lake City region.

Currently, PayPal operates in 200 global markets serving around 300 million accounts.

Last month, PayPal completed its $4bn acquisition of Honey Science, a shopping and rewards platform.

The payments major also forged an alliance with UnionPay International (UPI) to boost its presence in Chile.

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