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PayPal Expands Global Partnership with Fiserv to Enhance Merchant Payment Solutions

Author

Slice of Finance Team
06 Sep

Key Highlights:

  • Expansion of a decade-long partnership between PayPal and Fiserv to improve merchant payment processes.

  • Streamlines the enablement of PayPal, Venmo, and Fastlane checkout for Fiserv merchant clients in the U.S.

  • Fastlane by PayPal accelerates guest checkout, driving 80% conversion rates and reducing checkout times by 32%.

  • PayPal and Fiserv support millions of businesses globally, offering advanced e-commerce and payment solutions.

Source (PR Newswire)

Notable Quotes:

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"This partnership reinforces our commitment to driving excellence in checkout convenience by partnering with leading payment service providers and e-commerce platforms."

Frank Keller, EVP at PayPal
❝

"Our expanded partnership with PayPal supports our mission to enhance client value by providing simple, cutting-edge solutions."

Jennifer LaClair, Head of Merchant Solutions at Fiserv

Our Take:

This expanded partnership between PayPal and Fiserv signifies a powerful collaboration in the financial technology space, focusing on improving merchant payment experiences. By simplifying integrations of PayPal and Venmo services and introducing Fastlane for quicker checkout, the partnership enhances customer convenience and increases business conversion rates. As e-commerce continues to dominate, partnerships like these are critical in creating seamless, frictionless customer experiences, ultimately boosting revenue for merchants.