Adyen granted US branch license

Adyen Inc.

AsiaNet 90055

 

AMSTERDAM, June 14, 2021 /PRNewswire=KYODO JBN/ --

 

The US Office of the Comptroller of the Currency (OCC) has approved Adyen's

application to establish a Federal Foreign Branch in San Francisco, California.

The OCC's approval and its granting of the branch charter in combination with

the Federal Reserve's approval of the application on May 24, 2021 permits Adyen

to commence operations as a Federal Foreign Branch.

 

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

 

Obtaining this US branch license allows Adyen to enhance its US activities and

operations in line with those conducted in Europe under its European banking

license (obtained in 2017). Benefits include increased operational scalability

via Adyen's single platform and the ability to offer enhanced services to its

merchants.

 

"This license was a logical next step for Adyen, and one that has long been on

the horizon," says Pieter van der Does, co-founder and CEO of Adyen. "I'm

excited to see this positively impact our merchants operating in the US - we're

well positioned to help them grow."

 

This press release contains information that qualifies, or may qualify, as

inside information within the meaning of Article 7(1) of the EU Market Abuse

Regulation.

 

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, Microsoft, Casper, Bonobos and L'Oréal.

 

Important Regulatory Notice

 

This announcement is not for publication, distribution or release, directly or

indirectly, in or into the United States of America (including its territories

and possessions, any state of the United States of America and the District of

Columbia), Canada, South Africa, Australia or Japan or any other jurisdiction

where such an announcement would be unlawful. The distribution of this

announcement may be restricted by law in certain jurisdictions and persons into

whose possession this document or other information referred to herein comes

should inform themselves about and observe any such restriction. Any failure to

comply with these restrictions may constitute a violation of the securities

laws of any such jurisdiction.

 

Adyen's securities have not been and will not be registered under the U.S.

Securities Act of 1933, as amended, and may not be offered or sold in the

United States without registration thereunder or pursuant to an available

exemption therefrom. Neither this document nor the information contained herein

constitutes or forms part of an offer to sell, or the solicitation of an offer

to buy, securities in the United States.

 

This announcement is not an offer of securities or investments for sale nor a

solicitation of an offer to buy securities or investments in any jurisdiction,

including the United States, Canada, South Africa, Australia or Japan. Neither

this announcement nor anything contained herein shall form the basis of, or be

relied upon in connection with, any offer or commitment whatsoever in any

jurisdiction. No action has been taken that would permit an offering of

securities or possession or distribution of this announcement in any

jurisdiction where action for that purpose is required. Persons into whose

possession this announcement comes are required to inform themselves about and

to observe any such restrictions.

 

The information contained in this announcement is for background purposes only

and does not purport to be full or complete. No reliance may be placed for any

purpose on the information contained in this announcement or its accuracy or

completeness. This announcement does not purport to identify or suggest the

risks (direct or indirect) which may be associated with an investment in Adyen

securities. Any investment decision in connection with Adyen securities must be

made solely on the basis of all publicly available information relating to such

Adyen securities.

 

This communication may be restricted by law in certain jurisdictions and

persons receiving this communication should inform themselves about and observe

any such restriction and must not under any circumstances forward this

communication to any other person. Failure to comply with such restrictions may

violate securities laws of any such jurisdiction.

 

Unsponsored ADRs: As of October 10, 2008, the US Securities and Exchange

Commission (SEC) published revisions to Exchange Act Rule 12g3-2(b) which

permits depository institutions to establish unsponsored ADR programs without

the participation of a non-US issuer. Adyen NV does not consent to the

establishment of any unsponsored ADR program, and further does not authorize,

endorse, support or encourage the creation of any such unsponsored ADR program

in respect of its securities. Adyen NV will not actively, directly or

indirectly participate in the creation of any unsponsored ADR program. Adyen NV

specifically disclaims any liability whatsoever arising out of or in connection

with any unsponsored ADR program. Adyen NV does not represent to any depository

institution or any other person, nor should any depository institution or any

person rely on a belief that the website of Adyen NV includes all published

information in English or that Adyen NV otherwise satisfies the exemption

criteria set forth in Exchange Act Rule 12g3-2(b).

 

SOURCE: Adyen Inc.

 

CONTACT: press@adyen.com

 

 

 

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