PayPal has integrated its recently launched checkout solution Fastlane to Adyen, enabling the latter to offer a more seamless payment experience for its US merchants.
Adyen will offer the service as part of an extension of its global partnership with PayPal, with plans to extend Fastlane’s capabilities globally in the near future.
Merchants who use Adyen will be able to install PayPal Fastlane into their point-of-sale systems for customer checkout. The service aims to enhance speed of process, in particular for customers who use guest checkout.
Alex Chriss, President and CEO of PayPal, said: “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.”
PayPal launched Fastlane in early August in a bid to eliminate customer checkout friction and help drive sales and customer loyalty. The service utilises the payments company’s technology and experience of knowing customer needs through a one-click solution.
Shoppers can save their card and shipping information by using Fastlane, as this information can then be prefilled automatically on future purchases everywhere Fastlane by PayPal is available. Fastlane intends to help shoppers reduce time spent during the checkout process by 32%.
Adyen and PayPal have partnered for a number of years to allow the former’s customers to offer PayPal, Venmo and PayPal’s Buy Now, Pay Later solutions.
In addition to increasing Fastlane’s reach, Adyen and PayPal will also continue to explore solutions that enhance consumer journeys and drive value for enterprise businesses.
Pieter van der Does, Co-Founder and Co-CEO of Adyen, added: “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, utilising our combined expertise to raise the bar for our customers.”
