21 September 2017
Find out more

Adyen expands direct credit card acquiring capabilities to include Singapore

07 September 2017  |  3398 views  |  0 Source: Adyen

Adyen, the payments platform of choice for the world’s leading companies, today announced an expansion of its current payment processing offerings in Singapore via a direct credit card acquiring license for Visa and MasterCard.

This extends Adyen's full stack solution to Singapore, enabling businesses to process transactions and increase opportunities for improved revenue and richer data insights. Merchants also benefit from Adyen's on-the-ground expertise, including optimization of local market conditions, ensuring merchants increase opportunities for conversions.

“Adyen was founded on a vision that optimizing the payment cycle would lead to greater benefits for merchants and end customers. Our direct credit card acquiring capability makes it possible for our customers to benefit from the best acceptance and authorization rates. By owning the entire value chain, Adyen eliminates the need to run payments across multiple third party platforms. We are better equipped to help Singapore-based businesses achieve complete control of their payment process – optimizing revenue, creating a better customer experience and helping companies deal with issues more quickly and efficiently,” said Warren HAYASHI, President, Adyen, Asia-Pacific.

“We work closely with Adyen for our payment process. Now, with the expansion of Adyen’s service offerings to include direct acquiring, we are presented with an end-to-end perspective on the payment flow. The new offering will allow us to make tremendous improvements in terms of speed and control which in turn will lead us to make more data-driven enhancements to the overall payment experience as we rapidly expand and acquire new customers,” said Chen Chow YEOH, Co-Founder of Fave.

Asia Pacific is a key market for Adyen, with Adyen expanding its regional hub in Singapore and welcoming customers such as Grab, Sephora and Redmart. With businesses focused on looking for solutions that can help them take advantage of retail opportunities in the region, Adyen’s solutions continue to attract the attention of merchants and investors. This year, Adyen welcomed fast-growing brands like Fave and oBike into the Adyen family of customers.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.sibos.comvisit www.capgemini.comvisit www.temenos.com

Who is commenting?

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
11867 views comments | 24 tweets | 41 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
10695 views comments | 6 tweets | 17 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9383 views comments | 6 tweets | 3 linkedin
UAE banks pool cyber security dataUAE banks pool cyber security data
7941 views comments | 5 tweets | 4 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
7902 views comments | 18 tweets | 26 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job