Adyen & PayPal to offer Fastlane’s checkout solutions in the US

By Gloria Mathias

PayPal Holdings, Inc. has announced that it is strengthening its global strategic partnership with Adyen, a financial technology platform.

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 the 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.

“Adyen’s customer base and relationships with enterprises make 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 of 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 of 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 several years to allow Adyen’s customers to offer PayPal’s 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.