Adyen’s Order Collection Service enters the Japanese market

As the Japanese payment market is gradually moving online, Adyen has launched a collection solution in Japan to help merchants increase authorization rates, enhance customer experience and provide deeper data insight. Adyen is one of Europe’s top 20 FinTech unicorns. Using Adyen’s service, businesses can avoid having to negotiate with payment providers in different countries separately, and it is a modern online payment method.

TOKYO, May 19, 2021 — Adyen (AMS:ADYEN), the preferred payment platform for many of the world’s leading companies, announced the opening of its Bill Collecting business in Japan. Order collection is the core cornerstone of Adyen’s one-stop payment platform, through which merchants such as Microsoft, Foodpanda, Vanmoof, Breitling, G-Star and others can get the most out of each transaction processed locally.

Following the introduction of Bill Collecting Services in Australia, New Zealand, Hong Kong, Malaysia and Singapore, Adyen’s entry into the Japanese market has further expanded the brand’s local bill-to-service capabilities in the Asia-Pacific region, while responding to the needs of local and international retailers in Japan to improve customer service.

The COVID-19 outbreak has further accelerated the development of e-commerce in Japan, and online shopping has become increasingly popular among Japanese consumers. The epidemic has made people more aware of the huge benefits brought by the deep integration of information technology and digital transformation. Technologies such as mobile payment and big data, which have played a huge role in controlling the epidemic and resuming work and production, will become an important engine driving economic growth in the future. Under this trend, cash payments are continuing to decline and the use of mobile payments is increasing. The Japanese government has set a target of increasing the national proportion of cashless payments in all transactions to 40 per cent by 2025, from about 20 per cent now.

“The Asia Pacific market is an important growth engine for many of our international merchants and is therefore a key driver of Adyen’s business growth, As more and more companies transition to digital payments, we are excited to provide merchants operating in Japan with a one-stop payment solution, and to help merchants discover new growth areas and provide a richer consumer experience with our payment optimization tools and data insights.” Warren Hayashi, Adyen’s Asia Pacific president, said in an interview with the media.

Adyen is a global payments company that allows businesses to accept e-commerce, mobile and point-of-sale payments. Adyen has more than 3,500 customers and is listed on the Euronext stock exchange.

Adyen manages a wide range of merchant payment processes, from payment gateways and risk management to bill-to-receipt services. This enables brands to accelerate their global expansion, streamline their payment processes, and continue to meet customer expectations with Adyen’s services.

Adyen has established direct bank card receipt connection with Visa, MasterCard, JCB, American Express, Diners, Discover and UnionPay, etc. Related transactions can be completed locally through the Adyen platform in Japan. Merchants can use Adyen’s single platform to offer all the major payment methods consumers prefer, such as credit and debit cards, as well as other related channels.

Adyen currently offers local collection services for international cards in Australia, Brazil, Canada, Europe, Hong Kong, Malaysia, Singapore, Puerto Rico, New Zealand and the United States.