Adyen expands its global partnership with Afterpay

Afterpay, known as Clearpay in the UK and Europe, is leveraging the acquisition of Adyen locations in key markets

SYDNEY, May 10, 2022 /PRNewswire/ — Adyen (AMS: ADYEN), a leading global financial technology platform for leading companies, announced today that it has expanded its partnership with one of the leaders in Buy Now, Pay Later (BNPL), Afterpay Limited (ASX: APT ). Afterpay works with Adyen to process payments in key markets, including Australia, New Zealand, Canada, Europe, United States and United Kingdom, to support the company’s global growth and momentum. Adyen’s global reach and focus on the company’s business as an acquirer give Afterpay the capabilities it needs for its fast-growing business.

Adyen and Afterpay started their local payment method partnership in 2018. Several Adyen merchants already offer Afterpay installments, 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.

The BNPL payment method continues to gain global momentum. Around the world, 24% of consumers have used BNPL services, with the highest adoption in Sweden, Norway, Mexico, France, the United States, and Denmark.

“The 2021 holiday season is the holiday season for BNPL – with consumers using Afterpay to responsibly pay for their holiday gifts,” he commented. Zahir Khoja, general manager of Afterpay Global Platforms and Partnerships. “Our partnership with Adyen allows us to offer a better way to pay for millions of buyers in different regions of the world.”

“We are excited to further expand our longstanding partnership with Afterpay to now include local sourcing in key markets. Afterpay is already a household name globally and we are proud to continue to partner together, leveraging our technology and innovation to meet the needs of today’s ever-changing retail landscape.” Roelant PrincessAdyen commercial director.

About AdyenAdyen (AMS: ADYEN) is the financial technology platform of choice for leading companies. By providing end-to-end payment capabilities, data-driven insights and financial products in one global solution, Adyen helps businesses achieve their ambitions faster. With offices around the world, Adyen works with companies such as Cotton On Group, Nando’s, Freelancer.com, Kogan.com, Budgy Smuggler, Movember, Showpo, Rodd & Gunn, and Jurlique. The partnership with Afterpay, as described in this update, underscores Adyen’s continued growth with current and new merchants over the years.

About Afterpay LimitedAfterpay is changing the way we pay by allowing customers to purchase products immediately and pay for their purchases in four installments. This service is completely freeone for customers who pay on time, who help people spend responsibly. As of December 31, 2021, more than 122,000 of the world’s favorite retailers offer Afterpay and more than 19 million active customers have adopted the service. two

Afterpay is currently available at Australia, Canada, New Zealand, United States and United Kingdom, France, Italy and Spain, known as Clearpay. Afterpay is on a mission to drive a mutually beneficial economy. Afterpay is a wholly owned subsidiary of Block, Inc. (NYSE:SQ)

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Roderick Gilbert

"Entrepreneur. Internet fanatic. Certified zombie scholar. Friendly troublemaker. Bacon expert."

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