PR97848

SAN FRANCISCO, Sept. 15, 2022 /PRNewswire=KYODO JBN/ --

-- Adyen is first to offer the payment method outside of the Block ecosystem

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

leading businesses, has partnered with Cash App (Block, Inc.) to offer Cash App

Pay, a mobile payment method, to Adyen's U.S. customers. Businesses working

with Adyen will have access to Cash App Pay as an integrated payment method for

their U.S. customers. The payment method will be available online shortly and

in-store next year.

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

By offering Cash App Pay, Adyen's businesses will be providing customers with a

convenient and simple way to pay using their Cash App balance or linked debit

card. This Cash App software integration will also provide Adyen's business

customers access to Cash App's 80 million annual actives, which make up a third

of Millennial and Gen Z consumers in the U.S. This will provide their customers

with access to a seamless, secure checkout experience that can feature high

authorization rates and an improved shopping experience.

"We're excited to partner with Adyen to bring Cash App Pay to more businesses

across the U.S.," said Owen Jennings, Chief Operating Officer at Cash App. "As

the first financial technology platform to partner with the Cash App Pay

ecosystem, we look forward to seeing the value this partnership brings to our

customers and Adyen's businesses."

"At Adyen, we are consistently adding new payment methods to ensure our

businesses can meet their end customers where they are," said Roelant Prins,

CCO at Adyen. "We are thrilled to be entering this strong partnership with the

Cash App team. We're looking forward to seeing how we can continue to partner

to better service businesses and their customers."

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 Facebook, Uber, H&M, eBay, and Microsoft. The partnership with

Cash App as described in this update underlines Adyen's continuous expansion of

supported payment methods over the years.

Source - Adyen Inc

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