Adyen(AMS: ADYEN), a leading global financial technology platform, announced today it had expanded its partnership with a leader in Buy Now and Pay Later (BNPL). Afterpay Limited (ASX: APT). Afterpay works with Adyen in order to process payments across key market areas, 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.
Afterpay and Adyen formed a local partnership in 2018 for their local payment method partnership. 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 is also known as Clearpay in the UK. EuropeAdyen merchants can now order, in the UK France, ItalyAnd Spain.
Global momentum continues for BNPL payment methods. Globally, 24% of consumersBNPL Services have been used with the highest adoption rates. Sweden, Norway, Mexico, FranceThe USAAnd Denmark.
“Holiday season 2021 was the holiday for BNPL – with consumers using Afterpay to pay responsibly for their holiday gifts,” Zahir KhojaGeneral 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,” Roelant Prins, Chief Commercial Officer, Adyen.