Adyen, a global payments platform, today announced the expansion of its acquiring capabilities to include Malaysia.
They said that this move complements the company’s all-in-one payment platform allowing merchants like Fave, foodpanda and Love, Bonito to get the most out of each transaction with local payment processing.
A quick check on the Bank Negara Malaysia website shows that Adyen’s name has been added to the central bank’s list of regulatees, confirming its license to operate in Malaysia as a merchant acquirer.
This announcement extends Adyen’s local acquiring capabilities in Asia-Pacific, following launches in Australia, Hong Kong, Singapore and is supported by demand from international merchants looking to better serve Malaysia’s growing internet economy.
“Rolling out our acquiring solution in Malaysia demonstrates our commitment to the region and to our customers’ needs in the market.
With Adyen’s acquiring solution in place, international merchants can better serve their customers and benefit from higher authorization rates and lower transaction fees.”
said Warren Hayashi, President, Adyen, Asia-Pacific.
With its technology and acquiring expertise, Adyen says that it is looking to provide insights around local regulations, schemes, and payment methods to help international merchants serve Malaysian shoppers better. Local acquiring will allow merchants to leverage Adyen’s integrated platform to deliver unified commerce experiences regardless of where their customers prefer to pay in store, online or using the app.
Adyen manages the entire payment flow which includes gateway, risk management, and acquiring for its merchants. This enables brands to accelerate global expansion and optimise payment processes, while continuing to meet the expectations of customers.
Adyen offers local acquiring in Australia, Brazil, Canada, Europe, Hong Kong, Singapore and the U.S.
Featured image: Warren Hayashi, President, Adyen, Asia-Pacific