Adyen launches Payout Services to accelerate global payments

By Gloria Methri

Adyen, the global FinTech platform for businesses, has announced the launch of Payout Services. This offering enables Adyen’s customers to payout acquired funds in the preferred method of their affiliated users or partners with increased velocity. Removing unnecessary delays and third parties from the fund movement process will help free up millions in daily cash flow for customers.

Adyen’s capability to do this stems from its branch and banking licenses and direct connection to real-time banking and card schemes. By moving funds from point A to B within a single banking infrastructure, payments can be processed up to three days faster than the industry standard.

With a single API, Adyen customers can pay out globally to their user base such as gig economy workers and marketplace sellers. The launch means that customers can access more of their money to earn interest, invest in R&D for future growth and minimize their need for external financing.

With Adyen’s API, instead of having to manage multiple providers across regions which creates operational complexity, enterprise customers can manage funds globally with a single partner.

For platform end users, payouts via real-time banking and card schemes offer the advantage of quicker access to their hard-earned funds. According to Boston Consulting Group, 75% of SMBs expressed the need for same-day settlement or faster. By speeding up payouts, Adyen’s platform customers can meet this demand and change their end-user experience.

“We see this as an opportunity to provide a market-leading solution that supports real-time payouts,” said Roelant Prins CCO, Adyen. “We can greatly streamline the cash flow of our customers, improving corporate treasury management and empowering end users to receive faster access to their cash. Our solution makes it easy for enterprises to accept and payout funds in one place, acting as a catalyst for business growth with our innovative technology.”