Global Fintech firm Adyen has partnered with Singapore-based restaurant technology provider Atlas to improve payment processes and operational efficiency for food and beverage (F&B) businesses, according to an announcement.
Through the partnership, Atlas integrates Adyen’s payments infrastructure into its AtlasPay solution.
This offers simplified reporting, reduces the need for manual reconciliation, and provides payment terminals that support customer-preferred methods, per the announcement.
Adyen said the collaboration is part of its platform strategy and aims to streamline backend systems for restaurants operating in a competitive and high-pressure environment.
Atlas supports hundreds of F&B brands, including Haidilao, Saladstop, and PPP Coffee. Its technology helps restaurants manage point of sale systems, online storefronts, third-party logistics integration, customer loyalty programs, and business analytics.
Since launching AtlasPay, Atlas claims to have recorded up to an 80 percent drop in manual errors, a 12 percent increase in direct sales, and average manpower savings of 10 percent for restaurant operators.
The data underscores the potential of integrated platforms in addressing labor constraints and improving profitability.
Singapore’s F&B sector faces rising operational pressures. In 2024, 3,047 F&B businesses shut down—the highest number of closures since 2005, according to the Accounting and Corporate Regulatory Authority.
On average, more than 300 businesses close every month.
A recent YouGov survey commissioned by Adyen found that small and medium-sized businesses spend six hours weekly on accounting.
While most platforms provide consolidated reporting, 49 percent of respondents still use multiple tools, increasing complexity. About 75 percent cited payment reconciliation as a significant pain point.
The Atlas-Adyen partnership aims to address these issues with an integrated platform designed to reduce administrative burden, support lean teams, and improve payment reliability.
The firms see the collaboration as key to helping F&B businesses stay resilient and competitive in a saturated market.