PayPal hits 1-yr high as it expands partnership with Fiserv
** Shares of payments firm PayPal Holdings PYPL.O jump 4.9% to $73.88, hitting their highest since August 2023
** PayPal announces expanded partnership with payments firm Fiserv FI.N, wherein FI will make PYPL's Fastlane available to its clients
** PYPL's Fastlane helps users complete their purchase in as little as one click
** The news follows PYPL's announcement last week that it had expanded its partnership with payments firm Adyen ADYEN.AS, wherein ADYEN will offer Fastlane in the U.S. to its clients
** J.P. Morgan analysts said last week that PYPL's recent moves were a big step forward in Fastlane establishing itself as a credible, independent leader
** Analysts had said they wouldn't be surprised to see other payment service providers begin to distribute the technology as Fastlane scales with merchants into 2025
** As of last close, PYPL shares 14.7% YTD
Reporting by Arasu Kannagi Basil in Bengaluru
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