TechFlow news — PayPal has announced the launch of several artificial intelligence products, including CashPass, set to roll out in March. This feature will use AI analysis of users' spending activities to deliver personalized cashback offers.
In addition, PayPal introduced a new "Smart Receipts" feature that uses AI to suggest purchases and encourage users to return to merchants they've previously bought from. PayPal said businesses will be able to make personalized recommendations and offer cashback rewards.
The company also launched a promotions platform leveraging AI to analyze approximately $500 billion in merchant transactions globally, providing performance-based promotional tools for merchants.
Furthermore, PayPal announced a new one-click checkout feature called Fastlane, updates to Venmo Business Profiles, and login methods based on fingerprint or facial recognition.
