PayPal and Global Payments Join Forces to Simplify Checkout with Fastlane
PayPal (NASDAQ: PYPL) has announced an expanded partnership with Global Payments to enhance checkout experiences. The collaboration will enable Global Payments' U.S. merchants to offer PayPal and Venmo branded checkout solutions along with Fastlane by PayPal. The partnership, building on their 15-year relationship, aims to streamline the checkout process. Fastlane enables one-click purchases and has shown nearly 50% higher checkout conversion rates compared to traditional guest checkout flows, while reducing checkout time by over 28% for card payments.
PayPal (NASDAQ: PYPL) ha annunciato un'espansione della partnership con Global Payments per migliorare le esperienze di checkout. Questa collaborazione permetterà ai commercianti statunitensi di Global Payments di offrire soluzioni di checkout brandizzate PayPal e Venmo, insieme a Fastlane di PayPal. La partnership, che si basa su un rapporto di 15 anni, mira a semplificare il processo di checkout. Fastlane consente acquisti con un clic e ha mostrato tassi di conversione al checkout quasi del 50% superiori rispetto ai flussi di checkout tradizionali per ospiti, riducendo nel contempo il tempo di checkout di oltre il 28% per i pagamenti con carta.
PayPal (NASDAQ: PYPL) ha anunciado una asociación ampliada con Global Payments para mejorar las experiencias de pago. La colaboración permitirá a los comerciantes de Global Payments en EE. UU. ofrecer soluciones de pago bajo la marca PayPal y Venmo, junto con Fastlane de PayPal. La asociación, que se basa en una relación de 15 años, busca agilizar el proceso de pago. Fastlane permite compras con un solo clic y ha demostrado tasas de conversión de pago casi un 50% más altas en comparación con los flujos de pago tradicionales para invitados, reduciendo el tiempo de pago en más del 28% para pagos con tarjeta.
PayPal (NASDAQ: PYPL)이 Global Payments와의 파트너십을 확대하여 체크아웃 경험을 향상시켰습니다. 이번 협력으로 Global Payments의 미국 상인들은 PayPal과 Venmo 브랜드의 체크아웃 솔루션을 제공할 수 있으며, PayPal의 Fastlane도 함께 이용할 수 있습니다. 15년 이상 이어온 관계를 바탕으로 하는 이번 파트너십은 체크아웃 과정을 간소화하는 것을 목표로 하고 있습니다. Fastlane은 원클릭 구매를 가능하게 하며, 전통적인 게스트 체크아웃 흐름에 비해 거의 50% 더 높은 체크아웃 전환율을 보였고, 카드 결제 시 체크아웃 시간을 28% 이상 단축시켰습니다.
PayPal (NASDAQ: PYPL) a annoncé un partenariat élargi avec Global Payments pour améliorer les expériences de paiement. Cette collaboration permettra aux commerçants américains de Global Payments d'offrir des solutions de paiement sous la marque PayPal et Venmo, en plus de Fastlane de PayPal. Le partenariat, qui s'appuie sur une relation de 15 ans, vise à rationaliser le processus de paiement. Fastlane permet des achats en un clic et a montré des taux de conversion de paiement presque 50% plus élevés par rapport aux flux de paiement invités traditionnels, tout en réduisant le temps de paiement de plus de 28% pour les paiements par carte.
PayPal (NASDAQ: PYPL) hat eine erweiterte Partnerschaft mit Global Payments angekündigt, um das Checkout-Erlebnis zu verbessern. Die Zusammenarbeit ermöglicht es den US-Händlern von Global Payments, die PayPal- und Venmo- Marken-Zahlungslösungen sowie Fastlane von PayPal anzubieten. Diese Partnerschaft, die auf einer 15-jährigen Beziehung aufbaut, hat das Ziel, den Checkout-Prozess zu vereinfachen. Fastlane ermöglicht den Kauf mit einem Klick und hat im Vergleich zu traditionellen Gast-Checkout-Prozessen nahezu 50% höhere Checkout-Konversionsraten gezeigt, während die Checkout-Zeit für Kartenzahlungen um mehr als 28% reduziert wurde.
- Integration of Fastlane shows 50% higher checkout conversion rates
- 28% reduction in checkout time for card payments
- Expansion of existing partnership to enhance merchant reach
- None.
Insights
This strategic partnership marks a significant expansion in the digital payments landscape. The integration of Fastlane into Global Payments' platform represents a substantial technological advancement with demonstrated metrics:
The collaboration leverages PayPal's extensive user base and Global Payments' merchant network, creating a powerful synergy in the payments ecosystem. The expansion from their 15-year partnership into the U.S. market, following success in Europe, UK and Canada, indicates strong execution capability and market validation. This positions both companies to capture larger market share in the rapidly growing digital payments space.
The implementation of one-click checkout functionality addresses a critical pain point in e-commerce: cart abandonment. By streamlining the guest checkout process, merchants can expect to see meaningful improvements in conversion rates, particularly valuable in today's competitive digital marketplace where every percentage point in conversion matters.
The partnership's global scope and established track record suggest strong potential for widespread adoption. For merchants, this integration offers a competitive advantage by providing access to PayPal's trusted brand and innovative technology without requiring significant technical investment. This could be especially impactful for mid-sized merchants looking to optimize their digital presence.
"We're excited to deepen our collaboration with Global Payments by enabling more partners to introduce our innovative products and solutions to a wider audience of consumers and merchants," said Suzan Kereere, President, Global Markets, PayPal. "This partnership demonstrates the velocity by which we're innovating, and the impact we can have on transforming the checkout experience for consumers and merchants alike."
Global Payments and PayPal have collaborated for over 15 years, delivering a range of payment solutions for millions of merchants worldwide. As a key strategic partner, Global Payments serves as a top acquirer of PayPal's branded checkout solutions across
"At Global Payments, we are dedicated to driving innovation and delivering exceptional commerce solutions for business owners," said Bob Cortopassi, President and Chief Operating Officer, Global Payments. "We are delighted to expand our relationship with PayPal and integrate their new checkout solutions into our platform, enhancing the quality and quantity of payment choices offered to our merchant customers across the
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
To learn more about Fastlane by PayPal, visit https://www.paypal.com/fastlane.
*Source: Based on PayPal internal data from August 2 to September 30, 2024. Comparing Fastlane accelerated shoppers vs. non accelerated shoppers for merchants that have integrated Fastlane. |
About PayPal
PayPal has been revolutionizing commerce globally for more than 25 years. The company creates innovative experiences that make moving money, selling, and shopping simple, personalized, and secure. PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. For more information, visit https://www.paypal.com, https://about.pypl.com/ and https://investor.pypl.com/.
About Global Payments
Global Payments Inc. (NYSE: GPN) is a leading payments technology company delivering innovative software and services to our customers globally. Our technologies, services and team member expertise allow us to provide a broad range of solutions that enable our customers to operate their businesses more efficiently across a variety of channels around the world.
Headquartered in
Media Relations Contacts:
Malini Mitra, malini.mitra@paypal.com
mediarelations@paypal.com
Investor Relations Contact:
investorrelations@paypal.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/paypal-and-global-payments-join-forces-to-simplify-checkout-with-fastlane-302284003.html
SOURCE PayPal Holdings, Inc.
FAQ
What are the key benefits of PayPal's Fastlane integration with Global Payments (PYPL)?
How long have PayPal (PYPL) and Global Payments been working together?
What new features will Global Payments merchants get from the PayPal (PYPL) partnership?
