PayPal, Global Payments Team up

PayPal Holdings Inc. (NASDAQ: PYPL) shares enjoyed small gains Wednesday, after announcing an expanded collaboration with Global Payments Inc. (NYSE: GPN) aimed at transforming checkout experiences. This partnership will see Global Payments offer their U.S. merchants enhanced PayPal and Venmo branded checkout solutions and accelerated guest checkout through Fastlane by PayPal. Fastlane enhances the shopping experience for consumers and drives increased conversion rates for businesses leveraging the platform.

"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," said Suzan Kereere, President, Global Markets, PayPal. "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."

“Global Payments and PayPal”, this morning’s news release said further, “have collaborated for over 15 years, delivering a range of payment solutions for millions of merchants worldwide. As a key strategic partner, Global Payments serves as a top acquirer of PayPal's branded checkout solutions across Europe, the U.K., Canada, and beyond, signifying a commitment by both companies to enable commerce on a global scale.”

PYPL shares grabbed 15 cents to $81.06, while those for GPN made do with a penny gain to $99.32.