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Google cloud unit close to winning PayPal business

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1 September 2016 12:00 am - 0     - {{hitsCtrl.values.hits}}

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REUTERS:  Alphabet Inc’s Google is close to winning PayPal Holdings Inc as a client for its cloud business, potentially beating out Amazon.com Inc and Microsoft Corp, CNBC reported.
While Google is the front-runner, the online payments processor is evaluating the other providers and hasn’t made any decision yet, CNBC reported, citing people familiar with the matter. 
However, PayPal may not move its technology infrastructure in the fourth quarter, the peak period for online commerce, CNBC said.
PayPal has some existing business with Amazon Web Services, according to the CNBC report.
Google has been trying to beef up its presence in cloud computing, a market dominated by Amazon and Microsoft.
Google landed Home Depot Inc as a client in March, highlighting the momentum its cloud business has gained under the leadership of Diane Greene, a co-founder of VMWare Inc . Greene joined Google late last year. Google also counts popular messaging app Snapchat and the world’s biggest paid music streaming service, Spotify, as clients.

 


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Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

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Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

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