PayPal Holdings (PYPL) announced an expanded collaboration with Global Payments (GPN) aimed at transforming checkout experiences. This partnership will see Global Payments offer their U.S. merchants enhanced PayPal and Venmo branded checkout solutions and accelerated guest checkout through Fastlane by PayPal. Fastlane enhances the shopping experience for consumers and drives increased conversion rates for businesses leveraging the platform. Fastlane harnesses PayPal’s decades of payment expertise to revolutionize the guest checkout experience, enabling users to complete purchases in as little as one click. This innovative solution empowers guest shoppers and can help deliver nearly 50% higher checkout conversion rates compared to traditional guest checkout flows for consumers paying with a card, while reducing checkout time by more than 28%*.
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