FinTech Unicorn Adyen will allow firms to issue cards
Payments platform and tech unicorn Adyen has announced the addition of card issuing to its suite of products.
Adyen Issuing will enable its clients to provide both virtual and physical cards to their customers which can be used online, in-app, in-store, and can be integrated into mobile wallets.
The product will gives firms including marketplaces and travel agencies the ability to offer customers cards that can be used to pay anywhere, or use virtual cards to make disbursements.
The Amsterdam-headquartered firm has UK offices Manchester and London.
“Adyen Issuing gives our clients the ultimate in flexibility,” said Pieter van der Does, co-founder and CEO of Adyen.
“It combines issuing and acquiring in a way that helps them create new and better experiences for their customers.
“It also helps them operationally behind the scenes – from easier reconciliation of funds to reducing the timeline for payouts to better control over their cash flow. They can offer cards to their customers without needing to go to a third party, eliminating yet another step for them.”
The cards will be capable of connecting partners and consumers, and will offer real-time APIs that will allow clients to control the cardholder experience.
Florian Jensen, global fraud and payments director at Glovo, said of the feature: “We’ve been working with Adyen since 2018 to process our customers’ payments and we are thrilled to expand our partnership to issue cards.
“Adyen Issuing allows us to offer an even easier and smarter buying experience for our customers.”