AI startup Perplexity has joined forces with PayPal to integrate agentic commerce into the Perplexity Pro platform.
Starting in the US this summer, users will be able to instantly complete transactions using PayPal or Venmo for finding products, booking travel, or purchasing tickets through Perplexity’s service.
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The partnership is designed to streamline the transaction process, with PayPal facilitating payment, shipping, tracking, and invoicing.
Utilising PayPal’s account linking and secure tokenised wallet technology, along with the forthcoming passkey checkout flows, the collaboration seeks to simplify the payment experience by removing the need for passwords and reducing the process to a single user query or click.
This initiative will incorporate PayPal’s commerce solutions into Perplexity’s chat interface, enabling direct purchases within conversations.
It also aims to broaden the reach of Perplexity’s commerce tools to PayPal’s user base, which includes over 430 million active accounts across approximately 200 markets, while ensuring secure transactions through PayPal’s fraud detection and data security protocols.
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By GlobalDataPayPal president and CEO Alex Chriss said: ”This partnership unlocks new possibilities, where conversations now drive commerce. We’re making it easy and secure to shop right in the chat when inspiration strikes. It’s a powerful step in making conversational commerce a reality.”
Perplexity, an AI-powered answer engine founded in 2022, is a conversational search and discovery platform that combines real-time web data with generative models to deliver cited answers in a single chat interaction.
Perplexity co-founder and CEO Aravind Srinivas stated: “Perplexity wants to have accurate, trustworthy answers wherever people are making decisions. PayPal is a natural partner because we share a vision for how important trust is in the age of AI.”
The announcement follows Perplexity’s talks to secure a $500m funding round, which would place the company’s valuation at $14bn, a decrease from the initially projected $18bn.
Additionally, PayPal recently revealed plans to roll out a contactless mobile wallet for in-store payments in Germany, accessible via the latest PayPal app on both iOS and Android devices.
