Adyen is the first to offer this payment method outside the blockchain ecosystem
SAN FRANCISCO, September 16, 2022/PRNewswire/ — Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, has partnered with Cash App (Block, Inc.) to offer Cash App Pay, a mobile payment method , to Adyen’s US customers. Businesses that work with Adyen will have access to Cash App Pay as an integrated payment method for their US customers. The payment method will be available online shortly and in stores next year.
By offering Cash App Pay, Adyen’s businesses will provide customers with a convenient and easy way to pay using their Cash App balance or linked debit card. This Cash App software integration will also allow Adyen’s enterprise customers to gain access to the 80 million annual Cash App assets, which represent one-third of millennials and Gen Z consumers in the United States. This will enable their customers to have access to a seamless and secure payment experience that can feature high authorization rates and an enhanced shopping experience.
“We are excited to partner with Adyen to bring Cash App Pay to more businesses across the United States,” said Owen Jennings, Chief Operating Officer at Cash App. “As the first fintech platform to partner with the Cash App Pay ecosystem, we are excited to see the value this partnership brings to our customers and Adyen businesses. »
“At Adyen, we are constantly adding new payment methods so our businesses can meet their end customers where they are,” said Roelant Prins, CCO at Adyen “We are delighted to enter into this strong partnership with the Cash App team. We look forward to seeing how we can continue to partner to better serve businesses and their customers. »
Adyen (AMS: ADYEN) is the leading financial technology platform for large enterprises. With end-to-end payment capabilities, data insights, and financial products in a single, holistic solution, Adyen helps businesses realize their ambitions faster. With offices around the world, Adyen works with companies such as Facebook, Uber, H&M, eBay and Microsoft. The partnership with Cash App, as described in this update, underscores the continued expansion of payment methods supported by Adyen over the years.