UNIQLO operator chooses Adyen for multi-market payments
UNIQLO operator, Fast Retailing, has chosen Adyen to power payments for its in-store and online checkouts in multiple markets.
Integration with Adyen will remove the need for contracts with multiple vendors, meaning UNIQLO can easily consolidate and reconcile payment information across multiple channels.
In addition, the single platform gives UNIQLO the ability to deploy omnichannel services faster.
“We are thrilled to enable Fast Retailing to build a truly customer-centric structure that uses innovation to deliver a great UNIQLO experience,” said Pieter van der Does, co-founder and CEO of Adyen.
“It’s exciting to shop at a UNIQLO store in Amsterdam and know you’ll have the same checkout experience in other markets.
“We are thrilled to enable Fast Retailing to use innovation to deliver a truly customer-centric omnichannel experience that underscores the exceptional service shoppers have come to expect from the UNIQLO brand.”
The announcement comes after the global payment platform expanded its partnership with AfterPay allowing more Adyen merchants in more countries around the world to use the Buy Now Pay Later (BNPL) provider.
Adyen merchants such as MandM Direct, Revolution Beauty and Superdry are already offering Afterpay to customers. The global partnership will also see the Afterpay service made available to Adyen merchants in the UK, France, Italy and Spain. The service is known as Clearpay in the UK and Europe.
Afterpay works with Adyen to process payments in key markets including Australia, New Zealand, Canada, Europe, US and UK to support the global growth and momentum of Afterpay. the company.
Adyen says its global reach and focus on businesses as an acquirer provides Afterpay with the capacity needed for its fast-growing business.
This comes as consumer and merchant appetite for BNPL payment methods continues to grow globally, with usage in Australia increasing by 120% since the start of the pandemic.
Globally, 24% of consumers have used BNPL services, with adoption highest in Sweden, Norway, Mexico, France, the United States and Denmark.
Managing Director of the Afterpay Global Platform and Partnerships, Zahir Khoja, said the 2021 holiday season was the party season for BNPL, with consumers using Afterpay to pay for their holiday gifts.
Adyen and Afterpay started their partnership on local payment methods in 2018.
Adyen claims it is the fintech platform of choice for large enterprises.
It provides end-to-end payment capabilities, data-driven insights and financial products in a single, holistic solution.
Adyen has offices around the world and works with companies such as Cotton On Group, Nando’s, Freelancer.com, Kogan.com, Budgy Smuggler, Movember, Showpo, Rodd & Gunn and Jurlique.
The company says this partnership with Afterpay underscores Adyen’s continued growth with current and new merchants over the years.
Afterpay allows customers to purchase products immediately and pay for their purchases in four instalments.
The service is completely free for customers who pay on time, helping people spend responsibly.