Adyen has joined vertical payments company Flywire’s network of global partners in a new agreement which will ‘bolster innovation in payments and drive process improvements’.
The collaboration will focus on allowing Flywire’s customer base access to an extended range of services, including an increased number of local payment methods and currencies.
Roelant Prins, CCO of Adyen, commented: “The current economic climate means it’s never been more important to understand local currencies and preferred payment methods. 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.”
Under the terms of the agreement, Adyen and Flywire will seek to facilitate seamless customer journeys for students, patients, and global travelers through the latest payment functionality features.
“The global recession triggered by COVID-19 has thrust payments into the spotlight,” added Darren Woodward, Senior Director of Payments, Global Cards Network. “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.
“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 organisations we work with can deliver the payment experience their customers not just expect but increasingly demand.”
