PR89578

TOKYO, May 19, 2021 /PRNewswire=KYODO JBN/ --

- Adyen launches its acquiring solution in Japan to help businesses achieve

higher authorization rates, better customer experiences, and deeper data

insights as the Japanese market transitions

to online payments.

ADYEN (AMS: ADYEN), the global payments platform of choice for many of the

world's leading companies, today announced the expansion of its acquiring

capabilities to include Japan. Adyen's acquiring capabilities are foundational

to the company's all-in-one payment platform allowing merchants like Microsoft,

Foodpanda, VanMoof, Breitling, and G-Star to get the most out of each

transaction with local payment processing. This announcement extends Adyen's

local acquiring capabilities in Asia-Pacific, following launches in Australia,

New Zealand, Hong Kong, Malaysia, and Singapore, and is supported by demand

from international and domestic merchants looking to better serve shoppers in

Japan.

Logo - https://mma.prnewswire.com/media/1490851/Logo__Adyen_green_RGB_Logo.jpg  

The pandemic has further accelerated ecommerce growth (

https://c212.net/c/link/?t=0&l=en&o=3166484-1&h=2576066383&u=https%3A%2F%2Fwww.globaldata.com%2Fcovid-19-accelerates-e-commerce-market-growth-japan-says-globaldata%2F&a=%C2%A0accelerated+ecommerce+growth

) in Japan, and as Japanese consumers continue to embrace online shopping, the

use of electronic payments will rise as consumers continue to move away from

cash-based payments. Nationally the Japanese government has set a goal (

https://c212.net/c/link/?t=0&l=en&o=3166484-1&h=1834245761&u=https%3A%2F%2Fwww.meti.go.jp%2Fpress%2F2018%2F04%2F20180411001%2F20180411001-1.pdf&a=set+a+goal

) of increasing cashless payments to about 40% of all transactions by 2025,

from about 20% currently.

"Asia-Pacific is a key growth driver for many of our international merchants,

and therefore for Adyen. We're excited to bring our full-stack solution to

merchants in Japan, as more companies transition to digital payments. Merchants

can discover new avenues for growth and offer richer customer experiences with

our payment optimization tools and data insights," said Warren Hayashi,

President of Asia-Pacific, Adyen.

Trevor Nies, Senior Director of E-Commerce Payments, Risk Operations &

Analytics at Microsoft noted; "We have been working with Adyen since 2015 and

have seen how Adyen has accelerated payments innovation to make payments

faster, simple and secure. Adyen is one of our strategic partners who processes

payments for us globally, across nearly all Microsoft products and services. We

are excited to be one of the first to go live with Adyen in Japan and offer our

customers a seamless payment experience."

Adyen manages the entire payment flow, including gateway, risk management, and

acquiring for its merchants. This means that brands can accelerate global

expansion and optimize payment processes, while continuing to meet the

expectations of customers.

Adyen provides businesses with insights around local regulations, schemes, and

payment methods with best-in-class technology, and deep acquiring expertise.

With direct card acquiring connections with Visa, Mastercard, JCB, American

Express, Diners, Discover, and UnionPay, transactions will be processed locally

in Japan via the Adyen platform. Merchants can simply use Adyen's single

platform to offer all the key payment methods that shoppers prefer, such as

credit and debit cards, along with relevant payment methods.

Adyen currently offers local acquiring for international cards in Australia,

Brazil, Canada, Europe, Hong Kong, Malaysia, Singapore, Puerto Rico, New

Zealand, and the United States.(1)

About Adyen

Adyen (AMS: ADYEN) is the payments platform of choice for many of the world's

leading companies, providing a modern end-to-end infrastructure connecting

directly to Visa, Mastercard, and consumers' globally preferred payment

methods. Adyen delivers frictionless payments across online, mobile, and

in-store channels. With offices across the world, Adyen serves customers

including Facebook, Uber, Spotify, Casper, Bonobos and L'Oreal. The launch of

Adyen acquiring in Japan as described in this update underlines Adyen's

continuous expansion of supported payment methods and regions over the years,

as well as its continuous growth with current and new merchants as part of its

ordinary course of business.

(1) For more information about local acquiring and its benefits, please refer

to: https://www.adyen.com/global-payment-processing.

SOURCE  Adyen

CONTACT: press@adyen.com