PayPal's AI tools are making checkouts way faster (and easier)

Last January, PayPal launched a new set of AI tools meant to make checkout faster, smarter, and more rewarding for both buyers and merchants.

Here’s how some of them work:

Fastlane lets you buy online with just a single tap.

• It eliminates the need to remember usernames, passwords, or even type in your shipping address.

• Simply save your information with Fastlane once, and you're ready for one-click checkouts at any participating store.

• PayPal says early tests show Fastlane can cut checkout times by 40%.

Smart Receipts uses AI to predict what you might want to buy next from a store you just shopped at.

• These receipts will include personalized recommendations alongside cashback offers which you get via email.

• 45% of PayPal users globally open their email receipts daily (meaning millions of people seeing targeted recommendations and deals).

CashPass makes earning cashback simple.

• It gives you access to hundreds of personalized cashback offers from participating brands.

• If you spot a deal you like, just click on it, shop at the store, and pay with PayPal to redeem your reward.

Small businesses on Venmo, PayPal's social payment app, are also getting a boost.

• New Venmo business profiles will include features like subscribe buttons, profile rankings, and the ability to offer promotions to customers, helping their stores stand out