Adyen selected as first financial technology platform to launch Cash App Pay

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Adyen is first to supply the cost methodology outdoors of the Block ecosystem

SAN FRANCISCO, Sept. 15, 2022 /PRNewswire/ — Adyen (AMS: ADYEN), the worldwide financial technology platform of alternative for main companies, has partnered with Cash App (Block, Inc.) to supply Cash App Pay, a cellular cost methodology, to Adyen’s U.S. clients. Businesses working with Adyen could have entry to Cash App Pay as an built-in cost methodology for his or her U.S. clients. The cost methodology will probably be out there on-line shortly and in-store subsequent yr.

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By providing Cash App Pay, Adyen’s companies will probably be offering clients with a handy and easy manner to pay utilizing their Cash App steadiness or linked debit card. This Cash App software program integration may also present Adyen’s business clients entry to Cash App’s 80 million annual actives, which make up a 3rd of Millennial and Gen Z customers within the U.S. This will present their clients with entry to a seamless, safe checkout expertise that may function excessive authorization charges and an improved buying expertise.

“We’re excited to partner with Adyen to bring Cash App Pay to more businesses across the U.S.,” mentioned 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,” mentioned 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 alternative for main firms. By offering end-to-end funds capabilities, data-driven insights, and financial merchandise in a single world resolution, Adyen helps companies obtain their ambitions quicker. With places of work world wide, Adyen works with the likes of Facebook, Uber, H&M, eBay, and Microsoft. The partnership with Cash App as described on this replace underlines Adyen’s steady growth of supported cost strategies through the years.

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