Authentication & Security

Uber Taps Its Global Payments Partner, Adyen, to Expand into New Countries

MEDICI

Adyen, a leading global payments technology company, announced an expansion of its existing partnership with Uber – powering payments for the ride-hailing company’s users in Casablanca, Morocco. Uber, now live in 58 countries, teamed up with Adyen to enable local users in Morocco to pay with locally issued credit and debit cards.

Adyen is a leading payments technology company that provides businesses a single global platform to accept payments anywhere in the world. Driven by a vision to improve customer experience, streamline processes and ultimately increase revenue, Adyen enables businesses to process payments across online, mobile and Point-of-Sale (POS) with over 250 payment methods and 187 transaction currencies. Headquartered in Amsterdam and San Francisco, with offices across North America, South America, Europe and Asia, Adyen serves more than 3,500 businesses and four of the five largest U.S. Internet companies, including well-known brands such as Facebook, Dropbox, Airbnb, Netflix, Spotify, Groupon, Evernote, Booking.com, Viagogo, Yelp, Vodafone, Mango, O’Neill, SoundCloud, KLM and JustFab.

With its omni-channel platform, Adyen has the ability to process payments made online, in-store or on mobile devices. This enables retailers to deliver compelling shopping experiences, whether through express checkout, home delivery of in-store purchases or in-store returns of online purchases. The Adyen technology transforms the commerce experience by replacing multiple platforms with a single solution, bringing reliable and seamless transactions, enhanced data security, risk and fraud management, delivering significant cost savings and increased customer conversions.

Out of more than 300 billion non-cash transactions world-wide, Adyen processes some 2 million transactions per day as per a blog of Walls Street Journal.

“Adyen continues to be a key strategic partner in addressing the many payments-related challenges of rapid international expansion,” said Meryem Belqziz, Uber Casablanca General Manager. “Their transparent philosophy, data-driven approach, and technical agility have made the partnership a natural fit.”

Adyen first partnered with Uber to launch the Netherlands in 2012, and has since expanded into more than 50 markets on six continents. By adapting to regional variations in regulations and payment infrastructure, and by leveraging payment data across its portfolio, Adyen works with Uber to optimize authorization rates on a global scale.

“We are pleased to expand our partnership with Uber as it continues its explosive growth trajectory around the world. From the beginning, Uber required a dynamic, fast-paced payment processing partner that could adapt to the needs of one of the most innovative tech companies in the world; and we’ve been proud to serve as that partner across six continents,” said Kamran Zaki, president of Adyen North America.  “Collaborating with Uber has been a tremendously rewarding experience, and I look forward to blazing new trails together as we bring a seamless approach to in-app payments to the next 50 markets and beyond.”

MEDICI Team

MEDICI

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