Adyen Launches Payout Services to Provide Faster Global Payments

Adyen, the financial technology platform that powers the likes of Facebook, Uber, H&M, eBay, and Microsoft, has launched its Payout Services. This offering allows Adyen customers to payout acquired funds in the preferred method of their affiliated users or partners up to three days faster.

According to Adyen CCO Roelant Prins, the goal is to provide a market-leading solution that supports real-time payouts. “Our solution makes it easy for enterprises to accept and payout funds in one place, acting as a catalyst for business growth,” Prins said in a press release.

Adyen’s Payout Services will free daily cash flow for its customers by removing unnecessary delays and third parties from the money movement process, enabling faster processing of payouts, and empowering end users to receive faster access to their cash.

And with Adyen’s banking infrastructure connecting directly to real-time payment rails, payouts can be processed up to three days faster than the industry standard. This increase in velocity of funds movement “untraps” one- to three-days’ worth of cash flow per customer, the company further said.

Adyen’s API enables enterprise customers to manage funds globally with a single partner, instead of having to manage multiple providers across regions, which creates operational complexity and slows a business’s ability to scale. And with a single API, customers can payout globally to their user base such as gig economy workers and marketplace sellers.

“Payouts via real-time banking and card schemes offer platform end users the advantage of quicker access to their hard-earned funds,” Prins said.

PYMNTS noted earlier this year that the Dutch payments firm plans to operate at an increasingly global scale, continuing a hiring spree that has hindered its profits and caused its stock — down 29% in the last year — to fall again this year.

“While the wider tech industry engages in headcount reductions and hiring freezes, we remain committed to the hiring plans that align with our long-term ambitions,” the company stated in its half-year earnings report released in February of this year.