Amsterdam-based fintech unicorn Adyen announced the launch of Payout Services on Thursday.
“We see this as an opportunity to provide a market-leading solution that supports real-time payouts,” says 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,” Prins.
The announcement comes a few months after launching two new embedded financial products, Capital and Accounts, for platform and marketplaces businesses in the US and Europe through its’s single integration.
Benefits of Payout Services
Payout Services enables Adyen’s customers to payout acquired funds in the preferred method of their affiliated users or partners with increased velocity.
By eliminating unnecessary delays and third parties from the funds’ movement process, Adyen can free up millions in daily cash flow for customers, enabling greater operational efficiency and accelerating businesses’ pursuit of their goals.
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 payout globally to their user base such as gig economy workers and marketplace sellers, improving the platform experience with faster access to cash.
Payout Services empower customers to access more of their funds, enabling them to earn interest, invest in research and development for future growth, and reduce their reliance on external financing.
For platform end users, payouts via real-time banking and card schemes offer the advantage of quicker access to their hard-earned funds.
Adyen: What you need to know
Based out of Amsterdam, Adyen provides end-to-end payments capabilities, data-driven insights, and financial products in a single global solution.
With offices globally, the Dutch unicorn works with Facebook, Uber, H&M, eBay, and Microsoft.
Read the orginal article: https://siliconcanals.com/news/startups/adyen-launches-payout-services/