Adyen makes card issuing solution announcement

Adyen has added card issuing to its offering.

The move will enable clients to provide virtual and/or physical cards to their customers, which can be used online, in-app, in-store, and can be integrated into mobile wallets.

Adyen says that the service will accommodate various client needs, particularly those operating in marketplaces and paying out to cards that can then be used to pay anywhere, as well as online travel agencies using virtual cards to make disbursements to their airline and hotel partners.

“This gives our clients the ultimate in flexibility. It combines issuing and acquiring in a way that helps them create new and better experiences for their customers,” says Pieter van der Does, Co-founder and CEO, Adyen.

“It also helps them operationally behind the scenes — from easier reconciliation of funds to reducing the timeline for payouts to better control over their cash flow. They can offer cards to their customers without needing to go to a third party, eliminating yet another step for them.”

“We’ve been working with Adyen since 2018 to process our customers’ payments and we are thrilled to expand our partnership to issue cards,” comments Florian Jensen, Glovo’s Global Fraud & Payments Director. “Adyen Issuing allows us to offer an even easier and smarter buying experience for our customers.”