SAN
JOSE, Calif., Oct. 23,
2024 /PRNewswire/ -- PayPal Holdings Inc. (NASDAQ:
PYPL) today announced an expanded collaboration with Global
Payments Inc. (NYSE: GPN) aimed at transforming checkout
experiences. This partnership will see Global Payments offer their
U.S. merchants enhanced PayPal and Venmo branded checkout solutions
and accelerated guest checkout through Fastlane by PayPal. Fastlane
enhances the shopping experience for consumers and drives increased
conversion rates for businesses leveraging the platform.
"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," said
Suzan Kereere, President, Global Markets, PayPal. "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."
Global Payments and PayPal have collaborated for over 15 years,
delivering a range of payment solutions for millions of merchants
worldwide. As a key strategic partner, Global Payments serves as a
top acquirer of PayPal's branded checkout solutions across
Europe, the UK, Canada, and beyond, signifying a commitment by
both companies to enable commerce on a global scale.
"At Global Payments, we are dedicated to driving innovation and
delivering exceptional commerce solutions for business owners,"
said Bob Cortopassi, President and
Chief Operating Officer, Global Payments. "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 ecommerce
businesses."
Fastlane harnesses PayPal's decades of payment expertise to
revolutionize the guest checkout experience, enabling users to
complete purchases in as little as one click. This innovative
solution empowers guest shoppers and can help deliver nearly
50% higher checkout conversion rates compared to traditional guest
checkout flows for consumers paying with a card, while reducing
checkout time by more than 28%*.
To learn more about Fastlane by PayPal, visit
https://www.paypal.com/fastlane.
|
*Source: Based on
PayPal internal data from August 2 to September 30, 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 Global Payments
Global Payments Inc. (NYSE: GPN) is a leading payments technology
company delivering innovative software and services to our
customers globally. Our technologies, services and team member
expertise allow us to provide a broad range of solutions that
enable our customers to operate their businesses more efficiently
across a variety of channels around the world.
Headquartered in Georgia with
approximately 27,000 team members worldwide, Global Payments is a
Fortune 500® company and a member of the S&P 500 with worldwide
reach spanning North America,
Europe, Asia Pacific and Latin America. For more information,
visit company.globalpayments.com and follow Global Payments
on X, LinkedIn and Facebook.
Media Relations Contacts:
Malini Mitra,
malini.mitra@paypal.com
mediarelations@paypal.com
Investor Relations Contact:
investorrelations@paypal.com
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SOURCE PayPal Holdings, Inc.
