Posted on December 18, 2019 by staff

FinTech giant Adyen to partner with McDonald’s in UK

FinTech giant Adyen to partner with McDonald’s in UK

McDonald's
McDonald’s

Payments platform Adyen will make its technology available to McDonald’s in the UK early next year, followed by a rollout to the fast food chain’s global markets.

Adyen’s latest agreement follows deals with the likes of LEGOLAND and Sea Life to provide its integrated payments platform to customers.

The firm boasts a platform which allows brands to offer a consistent payment experience across the web and in person, and touts an increasing number of accepted payment methods.

It is headquartered in Amsterdam, and has offices in London and Manchester.

Its move into the UK high street follows existing deals with major tech firms including eBay, Uber, Spotify and LinkedIn.

The latest deal with McDonald’s, which reportedly had a turnover of £16bn in the UK last year, is the latest addition.

“With Adyen’s scalable platform, McDonald’s will be able to continue to provide customers a seamless experience through a variety of payment methods that align with the unique needs of our markets,” said Leandro Balbinot, SVP of Global Technology and Digital at McDonald’s.

“We look forward to rolling out this platform in several markets internationally, beginning with the UK in early 2020.”

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Kamran Zaki, previously of Netflix and PayPay, currently serves as Adyen’s president of North America.

He will take the role of COO at Adyen in 2020.

“As the only truly unified, tech focused, payments platform, we are thrilled to enter into this agreement with McDonald’s to support their in-app payments,” he said.

“Working together, the mobile payment experience will be even easier for McDonald’s customers.”

Last year the fast food giant announced a five year plan for new cashless payments technology, which included a partnership with French-based payment platform Ingenico.