SOURCE: Adyen

Adyen

August 25, 2016 01:00 ET

Adyen Expands Its Presence in Asia-Pacific

New, Larger Premises in Singapore to Serve Customers in the Region

SINGAPORE--(Marketwired - Aug 25, 2016) - Adyen today announced its continued commitment to businesses in the region with the expansion and move to a new Singapore office. The office in Singapore will remain as a regional headquarters for the payment solutions company as it increases its presence in Asia Pacific.

Located in the heart of Singapore's Central Business District, the close to 500 square meters office space will provide modern end-to-end payment infrastructure for leading global companies. Adyen has been empowering businesses such as Cathay Pacific, Daniel Wellington and Spotify with the ability to accept a variety of payment methods from consumers in Asia Pacific, including local and alternative payment methods. 

"Asia Pacific is the most active e-commerce market in the world and Adyen sees enormous potential to enable e-commerce and omni-channel businesses in this region," said Warren Hayashi, President, Asia Pacific at Adyen. "We are excited to provide merchants in the region a seamless mobile payment experience to their customers whether in-app or on the mobile web. With the rich data created through our platform, merchants can deepen their understanding of cross-channel customer behaviour, develop their business beyond local shores and grow their revenue accordingly."

Adyen currently has three offices in the region, including Shanghai and Sydney. The expansion in Singapore is a result of Adyen's continued momentum and commitment to the region. In 2015, Adyen announced that it processed US$50 billion in transaction volume, up from US$25 billion, and achieved revenue of US$350 million, a growth of more than 100 percent over 2014. The company has been profitable since 2011, and its rapid growth and enormous potential across both point of sale and online payments globally has attracted investment from across the world. Most recently, it was valued at US$2.3 billion following an investment from Iconiq Capital, which followed a US$250 million investment round in December 2014 from General Atlantic, Felicis Ventures, Temasek, and Index Ventures.

Adyen began operations in its new premises in August 2016.

Please find images of Adyen's new office here: https://www.dropbox.com/sh/r91ppx82e2xicxg/AABsrM4WdcogonxIHYO_uAfsa?dl=0

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Adyen expands its presence in Asia Pacific with new, larger premises in Singapore to serve customers in the region
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About Adyen
Adyen is a technology company that provides businesses with a single solution to accept payments anywhere in the world. The only provider of a modern end-to-end infrastructure connecting merchants directly to Visa, MasterCard, and 250 other payment methods globally, Adyen delivers frictionless payments across online, mobile, and in-store. Headquartered in Amsterdam and San Francisco, with offices across North America, South America, Europe and Asia Pacific, Adyen serves more than 4,500 businesses, including 7 of the 10 largest U.S. Internet companies, and 3 of the top 5 global apparel brands. Customers include Uber, Netflix, Spotify, Dropbox, Evernote, Booking.com, Yelp, Vodafone, Superdry, Mango, Crocs, O'Neill, SoundCloud, KLM and JustFab.

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