PayPal Holdings Inc., Global Payments Inc. Expands Partnership To Advance Checkout Processes

To revolutionise checkout processes, PayPal Holdings Inc. today announced an expanded partnership with Global Payments Inc. Through this relationship, Global Payments will provide their U.S. merchants with faster guest checkout through PayPal Fastlane and improved checkout options branded by PayPal and Venmo.

Fastlane increases conversion rates for companies using the platform and improves the shopping experience for customers.

According to Suzan Kereere, PayPal’s President of Global Markets: “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.

“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,” Kereere added.

For more than 15 years, Global Payments and PayPal have worked together to provide a variety of payment options to millions of retailers across the globe. As a major strategic partner, Global Payments is a leading buyer of PayPal’s branded checkout solutions in Europe, the UK, Canada, and other countries, demonstrating both businesses’ dedication to facilitating international trade.

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According to Bob Cortopassi, Global Payments’ president and chief operating officer: “At Global Payments, we are dedicated to driving innovation and delivering exceptional commerce solutions for business owners.”

“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 U.S. and helping them to maximize their e-commerce businesses,” Cortopassi added.

By utilising PayPal’s decades of payment knowledge, Fastlane transforms the guest checkout process and allows customers to finish transactions with just a single click. When compared to standard guest checkout flows for customers paying with a card, this creative solution empowers guest shoppers and can help provide over 50% higher checkout conversion rates while cutting checkout time by more than 28%.