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Competitors PayPal, Adyen publicly collaborate for the first time

Bloomberg
Bloomberg • 2 min read
Competitors PayPal, Adyen publicly collaborate for the first time
The two companies also disclosed Tuesday that they have quietly collaborated for several years. Photo: Bloomberg
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Adyen will offer PayPal’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.

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