PR98746

SAN FRANCISCO, Nov. 11, 2022 /PRNewswire=KYODO JBN/ --

Adyen (AMS: ADYEN) (

https://c212.net/c/link/?t=0&l=en&o=3705560-1&h=764997228&u=https%3A%2F%2Fwww.adyen.com%2F&a=Adyen

), the global financial technology platform of choice for leading businesses,

today announced that Instacart, the leading grocery technology company in North

America, has selected the company as an additional payments processing partner.

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As part of the new partnership, Instacart will leverage Adyen functionality,

including PINless debit enablement of transactions, to further optimize and

improve authorization rates for an even more seamless customer experience.

"Working with Instacart on debit enablement and U.S. processing is the first

step in what will be an exciting partnership," said Brian Dammeir, President of

North America at Adyen. "We look forward to working closely with Instacart on

future payment capabilities as the company continues to expand."

"At Instacart, we're dedicated to creating the best online grocery shopping

experience possible for the customers and partners that rely on us every day,"

said Heather Rivera, Vice President of Strategy, Corporate Development and

Partnerships for Instacart. "We're pleased to welcome Adyen as an additional

payments partner that will enable us to continue to scale and ensure our

customers have a seamless experience all the way through checkout."

In North America, Adyen has seen a significant rise in debit usage over the

past year. For marketplaces like Instacart that consumers rely on to connect

with and shop online from their favorite retailers, enhancing the customer

experience involves optimizing authorization rates across issuers and the

various debit networks. Adyen's RevenueAccelerate offering seamlessly applies

the preferences of each issuer and debit network to help merchants see a lift

in authorization rates, resulting in a more seamless and efficient customer

experience.

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. Adyen continuously

improves and expands its product offering as part of its ordinary course of

business. New products and features are announced via press releases and

product updates on the company's website. The cooperation with Instacart as

described in this merchant update underlines Adyen's continuous growth with

current and new merchants over the years.

SOURCE Adyen Inc.

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