PayPal Expands Strategic Partnership with Adyen to offer Fastlane in the U.S.
PayPal has expanded its strategic partnership with Adyen, offering Fastlane by PayPal to Adyen's enterprise and marketplace customers in the U.S., with plans for global expansion. This collaboration aims to improve consumer shopping experiences and enhance conversion rates for businesses using Adyen's platform.
Fastlane by PayPal is a new guest checkout experience that improves conversion rates by over 80% and reduces checkout time by 32% compared to traditional methods. It allows shoppers to save payment and shipping information for quicker future purchases across participating merchants.
This partnership aligns with PayPal's goal of global availability and strengthens Adyen's ability to provide seamless payment flows. The companies will continue to explore solutions to enhance consumer journeys and drive value for enterprise businesses.
PayPal ha ampliato la sua partnership strategica con Adyen, offrendo Fastlane by PayPal ai clienti aziendali e di marketplace di Adyen negli Stati Uniti, con piani per un'espansione globale. Questa collaborazione mira a migliorare l'esperienza di acquisto dei consumatori e aumentare i tassi di conversione per le aziende che utilizzano la piattaforma di Adyen.
Fastlane by PayPal è una nuova esperienza di checkout per gli ospiti che migliora i tassi di conversione di oltre l'80% e riduce il tempo di checkout del 32% rispetto ai metodi tradizionali. Permette agli acquirenti di salvare informazioni su pagamento e spedizione per acquisti futuri più rapidi presso commercianti partecipanti.
Questa partnership si allinea con l'obiettivo di PayPal di garantire una disponibilità globale e rafforza la capacità di Adyen di fornire flussi di pagamento senza soluzione di continuità. Le aziende continueranno a esplorare soluzioni per migliorare i percorsi dei consumatori e generare valore per le aziende di grandi dimensioni.
PayPal ha ampliado su asociación estratégica con Adyen, ofreciendo Fastlane by PayPal a los clientes empresariales y de mercado de Adyen en EE. UU., con planes para una expansión global. Esta colaboración tiene como objetivo mejorar las experiencias de compra de los consumidores y aumentar las tasas de conversión para los negocios que utilizan la plataforma de Adyen.
Fastlane by PayPal es una nueva experiencia de pago para invitados que mejora las tasas de conversión en más del 80% y reduce el tiempo de pago en un 32% en comparación con los métodos tradicionales. Permite a los compradores guardar información de pago y envío para futuras compras más rápidas en comerciantes participantes.
Esta asociación se alinea con el objetivo de disponibilidad global de PayPal y fortalece la capacidad de Adyen para proporcionar flujos de pago fluidos. Las empresas continuarán explorando soluciones para mejorar los trayectos del consumidor y generar valor para las grandes empresas.
PayPal가 Adyen과의 전략적 파트너십을 확대하여 미국의 Adyen 기업 및 마켓플레이스 고객에게 Fastlane by PayPal을 제공하며, 글로벌 확장을 계획하고 있습니다. 이 협업의 목표는 소비자 쇼핑 경험을 개선하고 기업의 전환율을 높이는 것입니다.
Fastlane by PayPal은 客層 결제 경험으로, 전통적인 방법에 비해 전환율을 80% 이상 개선하고 결제 시간을 32% 단축시킵니다. 참가 상점에서 빠른 미래 구매를 위해 결제 및 배송 정보를 저장할 수 있습니다.
이 파트너십은 PayPal의 글로벌 가용성 목표에 부합하며, Adyen의 매끄러운 결제 흐름 제공 능력을 강화합니다. 두 회사는 소비자 여정을 개선하고 대기업을 위한 가치를 창출하는 솔루션을 계속 탐색할 것입니다.
PayPal a élargi son partenariat stratégique avec Adyen, en offrant Fastlane by PayPal aux clients entreprise et marketplace d'Adyen aux États-Unis, avec des projets d'expansion mondiale. Cette collaboration vise à améliorer l'expérience d'achat des consommateurs et à augmenter les taux de conversion pour les entreprises utilisant la plateforme d'Adyen.
Fastlane by PayPal est une nouvelle expérience de paiement pour les invités qui améliore les taux de conversion de plus de 80% et réduit le temps de paiement de 32% par rapport aux méthodes traditionnelles. Elle permet aux acheteurs d'enregistrer des informations de paiement et d'expédition pour des achats futurs plus rapides chez les commerçants participants.
Ce partenariat s'inscrit dans l'objectif de PayPal d'une disponibilité mondiale et renforce la capacité d'Adyen à fournir des flux de paiement fluides. Les entreprises continueront à explorer des solutions pour améliorer le parcours client et générer de la valeur pour les entreprises.
PayPal hat seine strategische Partnerschaft mit Adyen erweitert und bietet Fastlane by PayPal den Unternehmenskunden und Marktplatzkunden von Adyen in den USA an, mit Plänen zur globalen Expansion. Diese Zusammenarbeit zielt darauf ab, das Einkaufserlebnis der Verbraucher zu verbessern und die Conversion-Raten für Unternehmen, die die Adyen-Plattform nutzen, zu steigern.
Fastlane by PayPal bietet ein neues Gast-Checkout-Erlebnis, das die Conversion-Raten um über 80% verbessert und die Checkout-Zeit um 32% im Vergleich zu traditionellen Methoden verkürzt. Es ermöglicht Käufern, Zahlungs- und Versandinformationen zu speichern, um zukünftige Käufe bei teilnehmenden Händlern schneller abzuwickeln.
Diese Partnerschaft steht im Einklang mit dem Ziel von PayPal, eine globale Verfügbarkeit zu gewährleisten, und stärkt Adyens Fähigkeit, nahtlose Zahlungsabläufe anzubieten. Die Unternehmen werden weiterhin Lösungen erkunden, um die Kundenreise zu verbessern und den Wert für Unternehmenskunden zu steigern.
- Expanded partnership with Adyen to offer Fastlane by PayPal in the U.S.
- Fastlane by PayPal improves conversion rates by over 80%
- Checkout time reduced by 32% compared to traditional guest checkout
- Plans for global expansion of Fastlane by PayPal offering
- Strengthens PayPal's availability in global markets
- None.
Insights
PayPal's expanded partnership with Adyen marks a significant move in the fintech space. The introduction of Fastlane by PayPal in the U.S. through Adyen's platform could be a game-changer for e-commerce conversion rates. With an impressive
The partnership leverages Adyen's strong enterprise customer base, potentially accelerating Fastlane's adoption. This strategic move could help PayPal defend its market position against rising competitors in the digital payment space. However, the true test will be in the global rollout and how quickly merchants integrate this solution.
This partnership is a strategic powerplay in the e-commerce ecosystem. By combining PayPal's trusted brand with Adyen's robust platform, both companies are positioning themselves to capture a larger share of the digital payments market. The focus on improving guest checkout experiences addresses a important friction point in online shopping.
The potential for increased conversion rates and faster checkouts could make this offering highly attractive to enterprise clients, potentially driving revenue growth for both PayPal and Adyen. However, the success of this venture will heavily depend on merchant adoption rates and the seamless integration of Fastlane into existing e-commerce platforms.
The introduction of Fastlane by PayPal could significantly impact consumer behavior in online shopping. The ability to save payment and shipping information for future use across multiple merchants addresses a key pain point in guest checkouts. This convenience factor could lead to increased customer loyalty and higher repeat purchase rates.
However, the success of this feature will largely depend on consumers' trust in data security and their willingness to store sensitive information. While PayPal's strong brand reputation may mitigate some concerns, the ongoing challenge will be balancing convenience with perceived security risks. The global expansion plans will also need to consider regional variations in consumer preferences and regulatory landscapes.
Fastlane by PayPal is a new guest checkout experience that helps shoppers convert more than
"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," said Alex Chriss, President and CEO, PayPal. "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."
"The expanded partnership with PayPal further strengthens Adyen's ability to provide global enterprises with seamless payment flows and top-quality guest shopping experiences," said Pieter van der Does, co-founder and co-CEO, Adyen. "PayPal is a payment brand name that shoppers trust, and we're excited to take our collaboration another step further in the US, utilizing our combined expertise to raise the bar for our customers.''
Adyen and PayPal have partnered for a number of years to allow Adyen's customers to offer PayPal's best-in-class payment marks globally, including PayPal, Venmo, and PayPal's Buy Now, Pay Later (BNPL) solutions. In addition to increasing Fastlane by PayPal's reach, Adyen and PayPal will continue to explore solutions that enhance consumer journeys and drive value for enterprise businesses.
To learn more about Fastlane by PayPal, visit https://www.paypal.com/fastlane.
*Source: Based on PayPal internal data from April 3 to June 15, 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 Adyen
Adyen (AMS: ADYEN) is the financial technology platform of choice for leading companies. By providing end-to-end payments capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses achieve their ambitions faster. With offices around the world, Adyen works with the likes of Meta, Uber, H&M, eBay, and Microsoft. The cooperation with PayPal Holdings, Inc. as described in this partnership update, underlines Adyen's continuous growth with current and new partners.
Investor Relations Contact:
investorrelations@paypal.com
Media Relations Contact:
mediarelations@paypal.com
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SOURCE PayPal Holdings, Inc.
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