While PayPal's Fastlane Accelerates With Adyen, Analyst Flags Some Bumps On The Road Ahead
While PayPal's Fastlane Accelerates With Adyen, Analyst Flags Some Bumps On The Road Ahead
PayPal Holdings Inc's (NASDAQ:PYPL) Fastlane is gearing up for a major boost thanks to its newly expanded partnership with Adyen. Adyen will now distribute Fastlane to its domestic enterprise and marketplace clients.
PayPal控股公司（NASDAQ：PYPL）的Fastlane將在與Adyen擴大合作伙伴關係後迎來重大增長。Adyen將現在向其國內企業和市場客戶分銷Fastlane。
Fastlane's Grand Entrance: Adyen Joins The Checkout Party
Fastlane壯觀登場：Adyen加入結賬派對
According to JPMorgan analyst Tien-Tsin Huang, this move is a significant stride for Fastlane, positioning it as a serious contender in the fast-guest checkout space.
根據摩根大通分析師黃天新的說法，此舉對Fastlane來說是一個重要的進展，使其在快速嘉賓結賬領域中成爲一個值得認真考慮的競爭對手。
Huang notes that the partnership is a "big step forward in Fastlane establishing itself as a credible, independent leader," particularly given Adyen's impressive client roster.
黃天新指出，這次合作是Fastlane在樹立自己作爲一個可信、獨立的領導者方面邁出的一大步，尤其是考慮到Adyen令人印象深刻的客戶名單。
However, he cautions that "we don't expect many Adyen merchants will enable the capability before the holiday season," suggesting that the full impact will become more apparent in 2025.
但他警告說，在假日季節之前，我們不希望很多Adyen商家會啓用該功能，這意味着其全面影響將在2025年變得更加明顯。
Dollars And Cents: Revenue Share Realities
美元和分期付款：分成的實際情況
On the revenue front, Huang highlights that PayPal will likely enter into a revenue share agreement with Adyen.
在收入方面，黃天新強調，PayPal可能會與Adyen達成收入分成協議。
He points out that "yield will look closer to PYPL's average Unbranded take rate than its Branded take rate," which could affect profitability.
他指出，「收益率將更接近於PYPL的普通非品牌收費率，而不是品牌收費率」，這可能會影響盈利能力。
Huang adds, "We're not assuming any Fastlane revenue in 2024," but he expresses confidence that "as the product scales with merchants into 2025, PYPL will have firmer footing to price to value."
黃先生補充道：「我們不假設2024年有任何快車道的營業收入，但他表達了信心，表示隨着產品在2025年與商家規模化，paypal將更有堅實的立足點來定價價值。」
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Opt-In Or Opt-Out: Adyen's Flexibility Play
選擇加入還是退出：Adyen的靈活性策略
The deal also offers insights into Fastlane's distribution model. Huang reveals that Adyen merchants will have the option to opt-in to Fastlane, and they "will not be required to accept Branded PayPal under any go-forward or previous Adyen/PYPL integration." This flexibility could help smooth the adoption process.
該交易也提供了關於快車道分銷模式的見解。黃先生透露，Adyen商家將有選擇加入快車道的選項，並且他們「將不被要求在任何未來或之前的Adyen / paypal整合下接受品牌paypal。」 這種靈活性可以幫助平滑採用過程。
Vaulting Into the Future: PayPal's Tech Triumph
躍上未來：paypal的科技勝利
Moreover, Huang emphasizes that Fastlane transactions at Adyen merchants will use PayPal's vault, which has been successful in beta testing.
此外，黃先生強調，Adyen商家的快車道交易將使用paypal的保險庫，這在測試階段取得了成功。
He notes, "PYPL's vault recognized 70% of shoppers that went through Fastlane," suggesting that Adyen's broad reach could enhance Fastlane's value proposition over time.
他指出：「paypal的保險庫認出了70%通過快車道的購物者，」表明Adyen的廣泛影響力可能隨着時間的推移增強快車道的價值主張。
PayPal's Fastlane is poised for growth with its expanded Adyen partnership. While the road ahead may be complex, Huang's analysis indicates that Fastlane's evolution is a development worth watching closely.
paypal的快車道憑藉其擴展的Adyen合作伙伴關係，正處於增長之勢。雖然前方的道路可能會很複雜，但黃先生的分析表明，快車道的演變是一個值得密切關注的發展。
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在11月19日的紐約市，從那些熟悉的人那裏找到新奇創新的東西。這是資本市場金融科技領袖和投資者聯繫的地方。點擊這裏了解更多信息！
Photo: Shutterstock
Photo: shutterstock
譯文內容由第三人軟體翻譯。