Adyen launches its acquiring solution in Malaysia to help businesses achieve higher authorization rates, better customer experience, and deeper data insights as the Malaysian market transitions to online payments.
SINGAPORE
- Media OutReach - 6
July 2020 -Adyen (AMS:ADYEN), the global payments platform of choice for many of
the world's leading companies, today announced the expansion of its acquiring
capabilities to include Malaysia.
Warren
Hayashi, President Adyen Asia Pacific
Adyen
acquiring complements the company's all-in-one payment platform allowing
merchants like Fave, foodpanda and Love, Bonito, to get the most out of each
transaction with local payment processing. This announcement extends Adyen's
local acquiring capabilities in Asia-Pacific, following launches in Australia,
Hong Kong, and Singapore, and is supported by demand from international
merchants looking to better serve Malaysia's growing internet economy.
"Rolling
out our acquiring solution in Malaysia demonstrates our commitment to the
region and to our customers' needs in the market," said Warren Hayashi,
President, Adyen, Asia-Pacific. "With Adyen's acquiring solution in place,
international merchants can better serve their customers and benefit from
higher authorization rates and lower transaction fees."
With
its best-in-class technology, and deep acquiring expertise, Adyen looks to
provide insight around local regulations, schemes, and payment methods,
to help international
merchants serve Malaysian shoppers better. Local acquiring will allow merchants
to leverage Adyen's integrated platform to deliver unified commerce experiences
regardless of where their customers prefer to pay - in store, online or
in-app.
Arzumy MD,
Chief Technology Officer of payments and loyalty platform Fave noted, "Adyen has been a strong pillar, supporting our business
and technology throughout the years. Adyen's direct acquiring capabilities
simplifies our business operations as it gives us complete control of our
payment process -- allowing us to improve revenue, create a better customer
experience and deal with payment issues more quickly and efficiently so we can
focus on getting our customers what they want when they need it. We are happy
to have a partner that cares deeply for our success."
Adyen
manages the entire payment flow, including gateway, risk management, and
acquiring for its merchants. This means that brands can accelerate global
expansion and optimize payment processes, while continuing to meet the
expectations of customers. Adyen offers local acquiring in Australia, Brazil,
Canada, Europe, Hong Kong, Singapore, and the US. For more information about
local acquiring and its benefits, please refer to: https://www.adyen.com/global-payment-processing.
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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, Singapore Airlines, and L'Oréal.
The launch of Adyen
acquiring in Malaysia as described in this update underlines Adyen's continuous
expansion of supported payment methods and regions over the years.