Adyen (AMS: ADYEN), the global financial technology platform of “choice” for large businesses, has teamed up with Cash App (Block, Inc.) to offer Cash App Pay, “a mobile payment method, to Adyen’s U.S. customers.”
Businesses working with Adyen will “have access to Cash App Pay as an integrated payment method for their U.S. customers.” The payment method will be “available online shortly and in-store next year.”
By offering Cash App Pay, Adyen’s businesses will be “providing customers with a convenient and simple way to pay using their Cash App balance or linked debit card.” This Cash App software integration will also “provide Adyen’s business customers access to Cash App’s 80 million annual actives, which make up a third of Millennial and Gen Z consumers in the U.S.”
This will “provide their customers with access to a seamless, secure checkout experience that can feature high authorization rates and an improved shopping experience.”
Owen Jennings, Chief Operating Officer at Cash App, said:
“We’re excited to partner with Adyen to bring Cash App Pay to more businesses across the U.S. As the first financial technology platform outside of the Square ecosystem to launch Cash App Pay, we look forward to seeing the value this partnership brings to our customers and Adyen’s businesses.”
Roelant Prins, CCO at Adyen, said:
“At Adyen, we are consistently adding new payment methods to ensure our businesses can meet their end customers where they are. We are thrilled to be entering this strong partnership with the Cash App team. We’re looking forward to seeing how we can continue to partner to better service businesses and their customers.”
As covered, Adyen claims to be the Fintech platform of choice for leading companies. By providing end-to-end payments capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses “achieve their ambitions faster.”
With offices around the world, Adyen works “with the likes of Facebook, Uber, H&M, eBay, and Microsoft.” The partnership with Cash App as described in this update “underlines Adyen’s continuous expansion of supported payment methods over the years.”
