PR89865

DUBAI, UAE, June 2, 2021 /PRNewswire=KYODO JBN/ --

- Adyen launches its acquiring solution in the UAE to help businesses achieve

higher authorization rates, better customer experiences, and full unified

commerce to support the region's thriving digital economy.

- Leading platform powers many of the world's biggest brands such as Microsoft,

Facebook, L'Oréal, Spotify and Uber and is growing regionally with a strong

portfolio of well-known brands -- including Foodics, Fabergé and HMSHost

International.

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

leading companies, today announced the expansion of its local acquiring

services to include the United Arab Emirates (UAE), illustrating its commitment

to the Middle East region. With acquiring capabilities in the UAE, Adyen

provides both domestic and international businesses with an improved payments

solution, allowing for higher authorization rates and improved shopper flows

with less friction. Among the first merchants benefitting from Adyen's

acquiring offering are Foodics, Fabergé and HMSHost International.

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In the UAE, Adyen supports businesses with the same range of products and

features as in other regions, including a fully integrated anti-fraud solution,

and its revenue optimization toolkit. Covering the entire payment flow via its

single platform for online, in-store and in-app transactions, Adyen's local

acquiring helps its merchants build frictionless payment experiences for its

shoppers.

"The launch of our UAE acquiring solution allows us to offer our merchants the

local solution they have been looking for. We are ready to reduce the pain

points merchants currently see in the UAE market," said Sander Maertens, Head

of Middle East for Adyen. "We look forward to giving merchants access to a

superior acquiring solution that will future-proof their payments set-up and

drive higher results as we provide them with access to the full capabilities of

the Adyen platform."

"Our ambition is to create positive experiences for people on the move, no

matter where our guests are in their journey," says Dennis Hoogreef, VP IT and

Facilities HMSHost International. "Adyen has the capability to innovate quickly

from a technological point of view, giving us the opportunity to offer seamless

customer experiences across the markets wherein we operate. This is key for a

company like ours with global operations across local and international

markets. We are excited to be one of the first to go live with Adyen in the

UAE."

In the UAE, Adyen is the first and only payment provider to offer a

single-platform unified commerce solution. With direct card acquiring

connections to Visa and Mastercard, transactions will be processed locally in

the UAE via the Adyen platform. Further supported payment methods include

American Express, UnionPay International, Diners, Discover, JCB, WeChat and

AliPay.

Adyen's entry to the UAE is supported via its partnership with Network

International, a leading enabler of digital commerce across the Middle East and

Africa (MEA) region. Network International will support Adyen with scheme

sponsorship services for Visa and Mastercard acquiring.

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'Oréal. The launch of

Adyen acquiring in the United Arab Emirates and the cooperation with Foodics,

Fabergé and HMSHost International as described in this update underline Adyen's

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

ordinary course of business. Adyen's Middle-Eastern headquarters is located in

the Dubai International Financial Centre (DIFC).

SOURCE: Adyen

CONTACT: press@adyen.com