Google Top Pick for PayPal as it Shops for Cloud: Report
PayPal is on the hunt for a public cloud vendor, and it seems Google is the top choice, according to a report Tuesday by CNBC citing sources familiar with the matter, who said that PayPal is looking at other leading providers as well.
If Google was to win PayPal’s business, it would represent a huge win for the company as it continues to push to compete with AWS and Microsoft, under the leadership of VMware co-founder Diane Greene.
Within its own data centers, PayPal processes $10,900 worth of payment volume per second and stores information on 188 million active accounts in over 200 markets, CNBC said. It owns or leases 3.5 million square feet of data center space, which could indicate that the workloads it moves to Google’s public cloud would be part of a hybrid cloud approach.
Last year, PayPal converted nearly all of its traffic service web/API applications and mid-tier services to run on its internal cloud based on OpenStack.
PayPal’s Braintree and Venmo brands are already hosted within Amazon Web Services (AWS) cloud.
It is unlikely that PayPal will move its technology in the fourth quarter since it is a “peak period for online commerce,” according to the report.
Neither Google nor PayPal are commenting on the rumor.