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PayPal and Adyen Double Down on US Expansion with Fastlane Checkout

Tuesday, 20/08/2024 | 11:23 GMT by Tareq Sikder
  • PayPal's Fastlane improves conversion by 80% and reduces checkout time by 32%.
  • Both firms have partnered for years, enabling Adyen's clients to offer PayPal, Venmo, and BNPL.
PayPal and Adyen

PayPal Holdings, Inc. has announced an expanded global strategic partnership with Adyen, a financial technology platform. Under this new agreement, Adyen will integrate Fastlane by PayPal into its services for enterprise and marketplace customers in the US. There are plans to extend this offering to other regions in the future.

Fastlane by PayPal is designed to streamline guest checkout processes. It aims to improve the checkout experience by increasing conversion rates and reducing the time required to complete transactions.

Fastlane Cuts Checkout Time

Alex Chriss, President and CEO, PayPal
Alex Chriss, President and CEO, PayPal, Source: LinkedIn

According to PayPal, Fastlane helps shoppers convert more than 80% of the time and cuts checkout time by 32% compared to traditional guest checkouts.

The service allows users to save payment and shipping information during their first purchase, which can then be automatically filled in on subsequent transactions at any participating merchant.

“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,” said Alex Chriss, President and CEO, PayPal.

Expanded Partnership

Adyen and PayPal have collaborated for several years, allowing Adyen's clients to offer PayPal's payment options, including PayPal, Venmo, and PayPal's Buy Now, Pay Later solutions. The expanded partnership aims to increase the availability of Fastlane by PayPal and explore further solutions to enhance consumer experiences and provide value to enterprise businesses.

“The expanded partnership with PayPal further strengthens Adyen's ability to provide global enterprises with seamless payment flows and top-quality guest shopping experiences,” said Pieter van der Does, Co-Founder and Co-CEO, Adyen.

PayPal Holdings, Inc. has announced an expanded global strategic partnership with Adyen, a financial technology platform. Under this new agreement, Adyen will integrate Fastlane by PayPal into its services for enterprise and marketplace customers in the US. There are plans to extend this offering to other regions in the future.

Fastlane by PayPal is designed to streamline guest checkout processes. It aims to improve the checkout experience by increasing conversion rates and reducing the time required to complete transactions.

Fastlane Cuts Checkout Time

Alex Chriss, President and CEO, PayPal
Alex Chriss, President and CEO, PayPal, Source: LinkedIn

According to PayPal, Fastlane helps shoppers convert more than 80% of the time and cuts checkout time by 32% compared to traditional guest checkouts.

The service allows users to save payment and shipping information during their first purchase, which can then be automatically filled in on subsequent transactions at any participating merchant.

“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,” said Alex Chriss, President and CEO, PayPal.

Expanded Partnership

Adyen and PayPal have collaborated for several years, allowing Adyen's clients to offer PayPal's payment options, including PayPal, Venmo, and PayPal's Buy Now, Pay Later solutions. The expanded partnership aims to increase the availability of Fastlane by PayPal and explore further solutions to enhance consumer experiences and provide value to enterprise businesses.

“The expanded partnership with PayPal further strengthens Adyen's ability to provide global enterprises with seamless payment flows and top-quality guest shopping experiences,” said Pieter van der Does, Co-Founder and Co-CEO, Adyen.

Topics
Adyen
fintech
paypal
About the Author: Tareq Sikder
Tareq Sikder
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About the Author: Tareq Sikder
A Forex technical analyst and writer who has been engaged in financial writing for 12 years.
  • 942 Articles
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    Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg. #fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg. #fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

  • IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24

    IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24

    IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24

    IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24

    IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24

    IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24

    For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker. Speakers: Melody Gao, Senior Lawyer, Sophie Grace James Perry-Keene, Head of Strategic Partnerships, Pepperstone Christopher Balanzategui, CEO, N3tworx #fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker. Speakers: Melody Gao, Senior Lawyer, Sophie Grace James Perry-Keene, Head of Strategic Partnerships, Pepperstone Christopher Balanzategui, CEO, N3tworx #fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker. Speakers: Melody Gao, Senior Lawyer, Sophie Grace James Perry-Keene, Head of Strategic Partnerships, Pepperstone Christopher Balanzategui, CEO, N3tworx #fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker. Speakers: Melody Gao, Senior Lawyer, Sophie Grace James Perry-Keene, Head of Strategic Partnerships, Pepperstone Christopher Balanzategui, CEO, N3tworx #fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker. Speakers: Melody Gao, Senior Lawyer, Sophie Grace James Perry-Keene, Head of Strategic Partnerships, Pepperstone Christopher Balanzategui, CEO, N3tworx #fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker. Speakers: Melody Gao, Senior Lawyer, Sophie Grace James Perry-Keene, Head of Strategic Partnerships, Pepperstone Christopher Balanzategui, CEO, N3tworx #fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
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