🇦🇺 PayPal Goes Down Under with Fastlane Checkout

Hi Payments Fanatic,

It’s been years (last time I was in Australia was even before the pandemic — can you believe how fast time is flying?) since I was last down under, and I can’t wait to get back. The FinTech scene in Australia has been buzzing, and this week, PayPal added more fuel to the fire.

They just rolled out Fastlane, a guest checkout feature built to tackle one of e-commerce’s biggest headaches: abandoned carts.

If you’ve ever clicked away mid-checkout because it felt like writing a novel instead of buying a laptop… you’re not alone. According to PayPal’s latest eCommerce Index, 41% of Aussie shoppers have done exactly that.

Fastlane flips the script: recognise the shopper’s email, send a one-time code, and boom—payment and shipping details are pre-filled. One click and you’re done. Early trials show a 51% lift in conversions for merchants and checkout times cut by more than a third.

General rollout comes in October, but the message is clear: frictionless checkout isn’t just a “nice to have” anymore—it’s becoming the standard.

See you on Monday!

Cheers,

Marcel

INSIGHTS

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🇦🇺 PayPal launches Fastlane to boost guest checkout in Australia. The service is designed to accelerate the checkout process, particularly for guests who do not wish to create accounts at individual retailers. By recognising shoppers using their email addresses and then verifying them with a one-time code, Fastlane enables users to access their saved payment and shipping details.

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