Dutch Payments Platform Adyen Expands Its Acquiring Offering to the UAEby Fintechnews Middle East 3. June 2021
Adyen, a global payments platform based in Netherlands, announced the expansion of its local acquiring services to include the United Arab Emirates (UAE).
With acquiring capabilities in the UAE, Adyen provides both domestic and international businesses with an improved payments solution, allowing for higher authorisation rates and improved shopper flows with less friction.
In the UAE, Adyen supports businesses with the same range of products and features as in other regions, including a fully integrated anti-fraud solution, and its revenue optimisation toolkit.
Covering the entire payment flow via its single platform for online, in-store and in-app transactions, Adyen’s local acquiring helps its merchants build frictionless payment experiences for its shoppers.
In the UAE, Adyen said that it is the first and only payment provider to offer a single-platform unified commerce solution.
With direct card acquiring connections to Visa and Mastercard, transactions will be processed locally in the UAE via the Adyen platform.
Further supported payment methods include American Express, UnionPay International, Diners, Discover, JCB, WeChat and AliPay.
Adyen’s entry to the UAE is supported via its partnership with Network International, an enabler of digital commerce across the Middle East and Africa (MEA) region.
Network International will support Adyen with scheme sponsorship services for Visa and Mastercard acquiring.
“The launch of our UAE acquiring solution allows us to offer our merchants the local solution they have been looking for. We are ready to reduce the pain points merchants currently see in the UAE market.
We look forward to giving merchants access to a superior acquiring solution that will future-proof their payments set-up and drive higher results as we provide them with access to the full capabilities of the Adyen platform.”
said Sander Maertens, Head of Middle East for Adyen.
Featured image credit: Edited from Unsplash