PayPal partners with Adyen to provide Fastlane service to accelerate quick checkout experience in the US market
PayPal and payment platform Adyen expand cooperation, introducing Fastlane service to enhance quick checkout experience in the US market. This service allows customers to save credit card and delivery information for a faster checkout process. Both parties plan to promote the service globally in the future. PayPal CEO Alex Chriss stated that Adyen is an ideal partner to help PayPal expand its presence in global shopping scenarios
According to the financial news app Zhitong Finance, digital payment service provider PayPal (PYPL.US) has expanded its cooperation with the payment platform Adyen, bringing the Fastlane by PayPal express checkout service to Adyen's enterprise and market customers in the United States.
Fastlane allows customers to save their credit card and delivery information, enabling them to checkout more quickly at any participating merchant. The two companies plan to expand this service globally in the future.
Alex Chriss, President and CEO of PayPal, who joined the company nearly a year ago, is leading technical improvements to the payment technology company's products and leveraging customer data as the core of its growth acceleration plan.
Chriss stated in a statement: "Adyen's customer base and relationships with enterprises make it an ideal first payment processing partner for Fastlane. This strategic partnership aligns with our goal of making PayPal (PYPL) available at all shopping locations worldwide."
They mentioned that in addition to expanding the coverage of Fastlane by PayPal, Adyen and PayPal will continue to explore solutions to enhance consumer experience and create value for enterprise businesses
