Adyen and PayPal are partnering up to offer the Fastlane by PayPal checkout experience to Adyen's enterprise and marketplace customers. The rollout will begin with Adyen's customers in the US and then extend globally.
Fastlane is a new guest checkout experience that allows customers to make purchase using their saved payment info without having to log into their account on an e-commerce website. PayPal introduced Fastlane in January and expanded its availability earlier this month to any business using PayPal's Complete Payments or Braintree platforms.
Alex Chriss, President and CEO of PayPal, said, “Adyen’s customer base and relationships with enterprises makes them the ideal first Fastlane payment processing partner. This strategic partnership aligns with our goal to make PayPal available everywhere customers shop globally.”
Adyen and PayPal have partnered for many years to allow Adyen's customers to offer PayPal, Venmo, and PayPal's BNPL solution to their customers, so the new integration simply extends the two companies' integration.
In other PayPal news… the company is planning to challenge Apple in the EU by developing a mobile wallet for EU users that takes advantage of the iPhone's newly opened-up NFC capabilities in the region.
During a recent earnings call, PayPal CEO Alex Chriss noted that some of the changes coming in Europe around NFC would open opportunities for the company, and that PayPal would be prepared to “play in that space.” Moving forward in the EU, consumers will be able to set a third-party wallet as their default on the iPhone instead of Apple Wallet, as part of Apple's compliance with new regulation.
Which mobile wallet will you choose?