PayPal expands global strategic partnership with Adyen

PayPal Holdings announced the strengthening of its global strategic partnership with Adyen, the global financial technology platform of choice for leading businesses. Within the expanded partnership, Adyen will offer Fastlane by PayPal to accelerate guest checkout flows for its enterprise and marketplace customers in the U.S., with plans to extend this offering globally in the future. Together, the companies expect Fastlane by PayPal to improve consumer shopping experiences and enhance conversion for businesses leveraging Adyen’s platform. Fastlane by PayPal is a new guest checkout experience that helps shoppers convert more than 80% of the time while reducing time to check out by 32% compared to a traditional guest checkout. When completing their first checkout with a participating merchant, shoppers can save their card and shipping information more easily using Fastlane. This payment and shipping information can then be prefilled automatically on future purchases everywhere Fastlane by PayPal is available.