Fast growing payments system Adyen expands to Canada

International payment processor Adyen, which boasts customers like eBay, and Microsoft has expanded its platform into Canada.

The Amsterdam-based company announced on Tuesday it is bringing its full-scale unified commerce payment system to the Canadian market, and announced four new customers that will be using Adyen’s payment processor in Canada, including Dollar Shave Club, Adidas, Canada Goose and Busbud.

Companies both domestic and international will now be able to access the payment processor company’s full suite of tools for online and offline payments.

“We are excited to provide Canadian businesses with a seamless payment experience” said Kamran Zaki, Adyen’s president of North America, in a press release, “eliminating boundaries across channels and geographies will help our customers expand within Canada and as they grow abroad. In addition, Canada is now easily accessible for businesses from other countries.”

Adyen offers a single payment platform, that works across channels, from in-store POS, e-commerce and mobile wallets like Apple Pay and Google Pay and accepts most major credit and debit cards.

The release stated that Canadian-based merchants will now be able to access all of the platform capabilities including:

  • Card acquiring for Visa, Mastercard, American Express, JCB, UnionPay, Discover and Diners for digital and in-store payments 
  • Interac Debit for digital and in-store payments 
  • All major wallets – Alipay, Apple Pay, Google Pay, Samsung Pay and WeChat Pay
  • Marketplace capabilities through Adyen MarketPay

Adyn boasts customers like Spotify, Uber, Facebook, Casper, and eBay, which switched from PayPal, making the smaller and lesser known Adyen its primary payment processing partner earlier this year. According to a press release from eBay the e-commerce giant made the move to help simplify the end-to-end experience for it buyers and sellers.

eBay said it also made the move to give sellers lower costs and more control over the payments system. Adyen’s system, said eBay gives sellers a more manageable way to track transactions and data. Adyen also  works as a back-end payment system directly for businesses which means unlike PayPal users do not have to sign up for an account before making payments.

The European payment service provider also went public in June launching its initial public offering (IPO) in Amsterdam getting a decent amount of interest according to a report from TechCrunch.

With this move into Canada, Adyen expands its global footprint that already extends across North America, Europe, Latin America and Asia Pacific.

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Jim Love, Chief Content Officer, IT World Canada

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Meagan Simpson
Meagan Simpson
Meagan Simpson is a staff writer for IT World Canada. A graduate of Carleton University’s journalism program, she loves sports, travelling, reading and photography, and when not covering tech news she can be found cuddled up on the couch with her cat and a good book.

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