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PayPal Holdings, Inc. (NASDAQ:PYPL) shares are trading higher today. The company expanded its global strategic partnership with Fiserv, Inc.(NYSE:FI).
The partnership aims to simplify the integration of PayPal services for Fiserv’s merchant clients.
PayPal and Fiserv are expanding their longstanding partnership to streamline how Fiserv clients enable PayPal, Venmo, and related services.
Fastlane leverages PayPal’s payment expertise to streamline guest checkout, enabling purchases in as little as one click. Guest shoppers using Fastlane see up to 50% higher conversion rates and reduce checkout time by 32%.
This enhanced collaboration also offers businesses a direct link to Fastlane by PayPal, accelerating guest checkout processes in the U.S.
For over a decade, Fiserv and PayPal have collaborated on payment processing, payouts, network services, and e-commerce capabilities, serving millions of merchants globally.
Jennifer LaClair, Head of Merchant Solutions, Fiserv, said, “Our expanded partnership with PayPal supports our mission to enhance client value by providing simple, cutting-edge solutions to our clients that elevate and accelerate the commerce experience.”
This month, PayPal’s Fastlane expanded with Adyen, aiming for checkout dominance.
Investors can gain exposure to the stock via Global X FinTech ETF (NASDAQ:FINX) and ETF Series Solutions Grayscale Future of Finance ETF (NYSE:GFOF).
Price Action: PYPL shares are up 3.30% at $72.76 at the last check Thursday.
Image via Shutterstock
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
