Adyen brings unified commerce to Japan with the launch of in-person payments

Rhea-AI Summary

Adyen has announced the launch of its unified commerce solution in Japan on December 12, 2022. This innovative platform enables businesses to manage transactions across various sales channels seamlessly. A survey indicates a 24% growth in businesses connecting payment systems, yet only 16% report integration with organizational functions. Adyen aims to provide Japan's merchants with advanced tools for optimizing payment processes, preventing fraud, and enhancing customer experiences. This launch reinforces Adyen's commitment to expanding its market presence.

Positive

• Launch of unified commerce solution enhances transaction management for businesses in Japan.
• 24% growth reported by businesses integrating payment systems.
• Adyen's platform offers global-level tools for authorization and fraud prevention.

Negative

• Only 16% of Japanese businesses have integrated payment systems with operations and supply chain.

In-store POS payment solutions powered by Adyen's single platform enables businesses to remain flexible to new channels and changing customer expectations in Japan.

TOKYO, Dec. 12, 2022 /PRNewswire/ -- Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, announces the launch of its unified commerce solution in Japan. Unified commerce gives businesses end-to-end control of transactions across different sales channels on Adyen's single platform, enabling innovative and new customer journeys such as click-and-collect, endless aisle, and cross-channel returns.  

As Japan moves away from cash and with more businesses expanding their sales channels, there is a tremendous growth opportunity for businesses that have an integrated overview of all transactions. In a survey of businesses earlier this year, Adyen found there is a 24% increase in growth among Japan businesses that connect payment systems across their business compared to those that don't. However, only 16% of Japanese businesses said that their payments system is connected to other parts of the organization, such as operations, supply chain management or inventory management.

"This isn't simply about digitization or going cashless. It's about being fast, flexible, and building for growth. Very few platforms in Japan can centrally merge payments data from stores and e-commerce sites, and none that can do it on a global scale. This means our merchants in Japan will be able to tap into the same Adyen tools our biggest global merchants are using to optimize authorization rates, block fraud, and provide seamless cross-channel journeys."  said Roelant Prins, Chief Commercial Officer at Adyen. "We're excited to bring this innovation to Japan and we look forward to working with merchants in launching new experiences for their customers."

About Adyen

Adyen (AMS: ADYEN) is the financial technology platform of choice for leading companies. By providing end-to-end payments capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses achieve their ambitions faster. With offices around the world, Adyen works with the likes of Facebook, Uber, H&M, eBay, and Microsoft. The launch of unified commerce in Japan as described in this update underlines Adyen's continuous expansion and growth in new markets as part of its ordinary course of business.

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SOURCE Adyen Inc.

FAQ

What is Adyen's unified commerce solution launched in Japan?

Adyen's unified commerce solution allows businesses in Japan to manage transactions across multiple sales channels on a single platform.

When did Adyen launch its payment solution in Japan?

Adyen launched its unified commerce solution in Japan on December 12, 2022.

What are the benefits of Adyen's unified commerce solution for Japanese businesses?

The solution enables businesses to improve transaction management, prevent fraud, and enhance customer experiences.

How many Japanese businesses connect their payment systems according to the Adyen survey?

According to Adyen's survey, there has been a 24% increase in growth among businesses connecting their payment systems.

What percentage of Japanese businesses have integrated payment systems with other organizational functions?

Only 16% of Japanese businesses have reported integration of their payment systems with other organizational functions.