PR95898

SYDNEY, May 10, 2022 /PRNewswire=KYODO JBN/ --

-- Afterpay, known as Clearpay in the UK and Europe, to leverage Adyen's local

acquiring across key markets

Adyen (AMS: ADYEN), the global financial technology platform for leading

businesses, today announced it has expanded upon its partnership with one of

the leaders in Buy Now, Pay Later (BNPL), Afterpay Limited (ASX: APT). Afterpay

is working with Adyen to process payments across key markets including

Australia, New Zealand, Canada, Europe, U.S., and the U.K. to support the

company's global growth and momentum. Adyen's global reach and focus on

enterprise businesses as an acquirer provides Afterpay with the capability

needed for its fast growing business.

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

Adyen and Afterpay began their local payment method partnership in 2018. A

number of Adyen's merchants already offer Afterpay's installment payments -

including MandM Direct, Revolution Beauty, and Superdry - with more expected to

come online. Afterpay, known as Clearpay in the UK and Europe, is now available

to Adyen merchants in the UK, France, Italy and Spain.

BNPL payment methods continue to gain global momentum. Globally, 24% of

consumers (

https://c212.net/c/link/?t=0&l=en&o=3530919-1&h=4152941228&u=https%3A%2F%2Fwww.adyen.com%2Fblog%2F5-things-consumers-expect-from-retailers-in-2022&a=%C2%A024%25+of+consumers

) have used BNPL services, with adoption highest in Sweden, Norway, Mexico,

France, the USA, and Denmark.

"Holiday season 2021 was the holiday for BNPL - with consumers using Afterpay

to pay responsibly for their holiday gifts," said Zahir Khoja, General Manager,

Afterpay Global Platform and Partnerships. "Our partnership with Adyen is

allowing us to bring a better way to pay to millions of shoppers across

multiple regions around the world."

"We are excited to further expand our longstanding partnership with Afterpay to

now include local acquiring in key markets. Afterpay is already a household

name globally and we are proud to be able to continue to come together,

leveraging both our technology and innovation to meet the needs of today's

evolving retail landscape," said Roelant Prins, Chief Commercial Officer, Adyen.

About Adyen

Adyen (AMS: ADYEN) is the financial technology platform of choice for leading

companies. By providing end-to-end payments capabilities, data-driven insights,

and financial products in a single global solution, Adyen helps businesses

achieve their ambitions faster. With offices around the world, Adyen works with

the likes of Cotton On Group, Nando's, Freelancer.com, Kogan.com, Budgy

Smuggler, Movember, Showpo, Rodd & Gunn, and Jurlique. The cooperation with

Afterpay as described in this update underlines Adyen's continuous growth with

current and new merchants over the years.

About Afterpay Limited

Afterpay is transforming the way we pay by allowing customers to buy products

immediately and pay for their purchases over four installments. The service is

completely free(1) for customers who pay on time - helping people spend

responsibly. As of December 31, 2021, Afterpay is offered by more than 122,000

of the world's favorite retailers and more than 19 million active customers

have adopted the service.(2)

Afterpay is currently available in Australia, Canada, New Zealand, the United

States and the United Kingdom, France, Italy and Spain, where it is known as

Clearpay. Afterpay is on a mission to power an economy in which everyone wins.

Afterpay is a wholly owned subsidiary of Block, Inc. (NYSE: SQ).

-------------------------------------------------------------------        

(1) Late fees may apply. Eligibility criteria apply. See afterpay.com for full

terms.

(2) Figures released in Block Q4 2021 results

SOURCE Adyen Inc.

CONTACT: Kayla LaDuke, kayla.laduke@adyen.com