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July 7, 2020

Adyen introduces acquiring solution in Malaysia

Adyen has launched its acquiring solution in Malaysia further extending its local acquiring capabilities in Asia-Pacific region.

The new capabilities further bolster the company’s payment platform enabling businesses to gain deeper insights on online transactions.

The move will also help Adyen to offer insight around local regulations, schemes, and payment methods. It will enable international merchants to better serve Malaysian market and help businesses boost authorisation rates.

Adyen Asia-Pacific president Warren Hayashi said: “Rolling out our acquiring solution in Malaysia demonstrates our commitment to the region and to our customers’ needs in the market.

“With Adyen’s acquiring solution in place, international merchants can better serve their customers and benefit from higher authorisation rates and lower transaction fees.”

As a payment platform, Adyen manages the entire payment flow for its merchants.

The company has already launched acquiring capabilities in Australia, Hong Kong, and Singapore.

It also offers local acquiring in Brazil, Canada, Europe and the US.

Payments and loyalty platform Fave chief technology officer Arzumy MD said: “Adyen’s direct acquiring capabilities simplifies our business operations as it gives us complete control of our payment process – allowing us to improve revenue, create a better customer experience and deal with payment issues more quickly and efficiently so we can focus on getting our customers what they want when they need it.”

Last month, Adyen added Amazon Pay as a payment method to its platform.

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