News

PayPal expands its partnership with Adyen

Wednesday 21 August 2024 08:27 CET | News

PayPal has announced the expansion of its partnership with Adyen in order to provide Fastlane for customers and businesses in the region of the US.

Following this announcement, Adyen is expected to offer Fastline by PayPal to its enterprise and marketplace customers and businesses in the US region, aiming to accelerate guest checkout flows. The company also plans to expand this product around the world in the future. 

In addition, PayPal and Adyen expect Fastlane by PayPal to optimise the overall customer shopping experience, as well as to improve conversion for businesses that use the latter’s platform. Both financial institutions will continue to focus on meeting the needs, preferences, and demands of clients and users in an ever-evolving market, while also prioritising the process of remaining compliant with the regulatory requirements and laws of the industry. 

PayPal has announced the expansion of its partnership with Adyen in order to provide Fastlane for customers and businesses in the region of the US.

More information on the announcement

Fastlane by PayPal represents a new guest checkout experience that was developed in order to optimise the way shoppers convert more than 80% of the time, while also reducing the time to check out by 32%. In the process of completing their first checkout with a participating merchant or business, customers will have the possibility to save their card and shipping information more easily and securely while leveraging Fastlane. The payment and shipping data can be also prefilled automatically on future purchases in any place where Fastlane by PayPal is available. 

The collaboration also aligns with PayPal’s goal to make its products and services available everywhere customers and clients shop around the world. In addition, it also aligns with Adyen’s ability to offer global enterprises secure and efficient payment flows and optimised guest shopping experiences. Alongside increasing Fastlane by PayPal’s reach, Adyen and PayPal will also continue to explore solutions and services that optimise customer journeys and drive value to enterprise companies and businesses. 

For more information about Adyen, please check out their detailed profile in our dedicated, industry-specific Company Database.


Source: Link


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: partnership, payments , online payments, mobile payments, digital payments, ecommerce
Categories: Payments & Commerce
Companies: Adyen, PayPal
Countries: United States
This article is part of category

Payments & Commerce

Adyen

|

PayPal

|
Discover all the Company news on Adyen and other articles related to Adyen in The Paypers News, Reports, and insights on the payments and fintech industry: