PAYMENTS

Adyen Partners with Flywire to Boost Global Payment Capabilities

Adyen, Flywire | December 15, 2020

Adyen, the worldwide payments platform of decision for huge numbers of the world's driving organizations, and Flywire, a high-development vertical payments company, today reported a partnership which coordinates Adyen into Flywire's worldwide organization of payment partners.

Through the coordinated effort with Adyen, Flywire's clients – dominatingly, associations in the instruction, medical services, and travel enterprises – will profit by:
  • Extended range of service – support across more global markets with an increased number of local payment methods and currencies
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  • Expanded capabilities – including additional support for recurring billing transactions and stronger fraud identification through Adyen's risk management product, RevenueProtect

The partnership is pointed toward conveying the most recent payment usefulness to encourage consistent client venture. Together, Adyen and Flywire will reinforce development in payments and drive measure enhancements for the vertical businesses that the two organizations cooperatively uphold, on a worldwide premise.

"The global recession triggered by COVID-19 has thrust payments into the spotlight. The ability to pay whenever and however they choose has become a pre-requisite for consumers looking for a familiar, secure and transparent payment experience, particularly for high-value expenses like tuition fees or a package holiday," said Darren Woodward, Senior Director of Payments, Global Cards Network.

Darren continues, "This means we must offer our clients global reach with the comfort of local payment methods, currencies and support for their clients, as well as state-of-the-art fraud protection and security. Our partnership with Adyen ensures that organizations we work with can deliver the payment experience their customers not just expect but increasingly demand."

"The current economic climate means it's never been more important to understand local currencies and preferred payment methods," said Roelant Prins, CCO of Adyen. "Offering customers the ways they prefer to pay is crucial, especially when selling to international customers. If we think of the example of paying for tuition fees for overseas students, it's paramount that such an important payment can be made in a method the student or parent trusts. We are thrilled to be working with Flywire to do just that."

About Adyen
Adyen is the payments platform of choice for many of the world's leading companies, providing a modern end-to-end infrastructure connecting directly to Visa, Mastercard, and consumers' globally preferred payment methods. Adyen delivers frictionless payments across online, mobile, and in-store channels. With offices across the world, Adyen serves customers including Facebook, Uber, Spotify, Casper, Bonobos and L'Oréal. The cooperation with Flywire as described in this merchant update underlines Adyen's continuous growth with current and new merchants over the years.

About Flywire
Flywire is a high-growth vertical payments company trusted by organizations around the world to deliver on their customers' most important moments. Unlike other payment companies, Flywire is proven to solve vertical-specific payment and receivables problems for organisations that deliver high-value services.
Whether in education, healthcare, travel or technology, Flywire has vertical-specific insight and technology that allows organisations to optimise the payment experience for their customers while eliminating operational challenges.

Spotlight

Banks deemed to be failing or likely to fail in the banking union are either put into insolvency/liquidation or enter a resolution scheme to protect the public interest. After resolution but before full market confidence is restored, the liquidity needs of resolved banks might exceed what can be met through regular monetary policy operations or emergency liquidity assistance. All liquidity needs that emerge must be met for resolution to be a success.

Spotlight

Banks deemed to be failing or likely to fail in the banking union are either put into insolvency/liquidation or enter a resolution scheme to protect the public interest. After resolution but before full market confidence is restored, the liquidity needs of resolved banks might exceed what can be met through regular monetary policy operations or emergency liquidity assistance. All liquidity needs that emerge must be met for resolution to be a success.

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PAYMENTS

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Nium | November 19, 2021

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