Adyen NV will offer PayPal Holdings Inc.’s guest-checkout product, the first time the two competing payments firms have publicly announced such a partnership.
Adyen and PayPal are expanding their partnership to offer PayPal’s guest checkout flow to Adyen enterprise and marketplace customers in the U.S. Why it matters: PayPal will extend its reach through Adyen’s global merchant network while Adyen gains improved conversion rates and faster checkout times
Adyen will offer PayPal’s FastLane experience to its merchant customers in the US, with plans to do so globally in the future, according to a statement Tuesday. FastLane, much like other services that store consumers’ payment and shipping information, makes it faster and easier to complete a purchase, while Adyen’s merchant network extends PayPal’s reach.
