Adyen extends its payment processing capabilities to India and unveils a new technology hub.
Date – 16-Aug-2024
Adyen, the global payment platform favored by leading companies worldwide, has announced its expansion into India. This move comes with authorization from the Reserve Bank of India to operate as an Online Payment Aggregator, supporting both domestic and cross-border transactions. As part of this expansion, Adyen will establish a new technology hub in Bengaluru (Bangalore) and introduce local payment processing capabilities.
This expansion is central to Adyen’s all-in-one payment platform, enabling Indian merchants to optimize transactions with local processing.
“The drive towards a Cashless India opens new avenues for businesses to enhance customer experiences in one of the fastest-growing e-commerce markets,” said Ingo Uytdehaage, Co-CEO of Adyen. “We aim to transform digital payments in India with our global solution and local processing, helping merchants scale effectively.”
Aditya Khullar, Country Manager for India, added, “Our new technology hub in Bengaluru will provide valuable technical resources and leverage India’s strong tech talent to support both local and global payment innovations. We are dedicated to supporting our merchants’ long-term growth as we expand our presence in India.”
Adyen’s comprehensive payment solution covers the entire payment flow, including gateway services, risk management, and acquiring, which facilitates global expansion and optimized payment processes. The platform offers insights into local payment methods and schemes, with direct acquiring connections to major card schemes like Visa, Mastercard, Rupay, and local payments such as UPI. This allows merchants to utilize Adyen’s unified platform to accommodate preferred payment methods, including credit and debit cards and relevant local options.
