PayPal, a global leader in online payments, and Adyen, a renowned financial technology platform serving leading enterprises worldwide, have announced the expansion of their global strategic partnership.
This strengthened collaboration is aimed at enhancing guest checkout flows for enterprise and marketplace customers in the U.S., with the intention of extending this offering globally, according to FF News.
With this expanded partnership, Adyen will now offer Fastlane by PayPal as a guest checkout option, allowing its enterprise customers to benefit from accelerated checkout flows.
Fastlane aims to speed up the time it takes for consumers to complete their purchases and pre-fills saved card and shipping information on future purchases, leading to increased conversion rates. The companies are planning to roll out this feature globally.
This move is set to improve consumer shopping experiences and increase conversion rates for businesses using Adyen’s platform. Through the integration of Fastlane by PayPal, the companies seek to provide a faster and more seamless checkout process, enhancing overall user satisfaction and boosting business performance.
PayPal is a globally trusted payment platform, offering millions of consumers and businesses a secure and convenient way to make transactions online.
The platform has evolved into a comprehensive service provider for leading commerce brands, technology companies, and payment processors, enabling smooth commerce experiences worldwide.
Adyen is a global FinTech platform that powers payment solutions for many of the world’s leading enterprises.
The company is known for its seamless payment processes and robust infrastructure that supports a range of payment methods, including PayPal, Venmo, and Buy Now, Pay Later (BNPL) solutions.
The collaboration also reinforces Adyen and PayPal’s longstanding relationship, which already includes the integration of PayPal’s payment solutions into Adyen’s platform.
The partnership is set to further enhance the consumer experience, with both companies exploring new ways to drive value for businesses.
Alex Chriss, President and CEO, PayPal, commented, “Adyen’s customer base and relationships with enterprises makes them the ideal first Fastlane payment processing partner. This strategic partnership aligns with our goal to make PayPal available everywhere customers shop globally. PayPal has evolved into a platform of choice for the world’s largest commerce brands, technology companies, and payment processors offering seamless and connected commerce experiences to hundreds of millions of consumers and businesses.”
Pieter van der Does, co-founder and co-CEO, Adyen, said, “The expanded partnership with PayPal further strengthens Adyen’s ability to provide global enterprises with seamless payment flows and top-quality guest shopping experiences. PayPal is a payment brand name that shoppers trust, and we’re excited to take our collaboration another step further in the US, utilizing our combined expertise to raise the bar for our customers.”
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