Competitors PayPal, Adyen Publicly Collaborate for First Time
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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 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.