The partnership will integrate PayPal and Venmo checkouts with Fastlane, an accelerated guest checkout. Credit: Ken Wolter/Shutterstock.

PayPal and Global Payments have expanded their alliance to simplify checkout experiences for US merchants and consumers.

The partnership will integrate PayPal and Venmo branded checkout solutions using an accelerated guest checkout feature called Fastlane by PayPal, designed to drive higher conversion rates for businesses.

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For over 15 years, Global Payments and PayPal have worked together to provide a variety of payment solutions to millions of merchants globally.

Global Payments is claimed to be the top acquirer of PayPal’s branded checkout solutions in Europe, the UK, Canada, and other regions,

PayPal global payments president Suzan Kereere said: “We’re excited to deepen our collaboration with Global Payments by enabling more partners to introduce our innovative products and solutions to a wider audience of consumers and merchants.

“This partnership demonstrates the velocity by which we’re innovating, and the impact we can have on transforming the checkout experience for consumers and merchants alike.”

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Fastlane leverages PayPal’s experience in payment processing to offer a better guest checkout experience.

With the potential to complete transactions in as few as one click, this solution benefits guest shoppers and enhances checkout conversion rates.

Merchants could see nearly a 50% increase in conversion rates using Fastlane compared to traditional guest checkout methods, while also reducing checkout times by over 28%, according to the company.

Global Payments president and chief operating officer Bob Cortopassi said: “At Global Payments, we are dedicated to driving innovation and delivering exceptional commerce solutions for business owners.

“We are delighted to expand our relationship with PayPal and integrate their new checkout solutions into our platform, enhancing the quality and quantity of payment choices offered to our merchant customers across the U.S. and helping them to maximize their ecommerce businesses.”

Last month, PayPal launched PayPal Everywhere, to simplify the shopping and payment experience.