Yes you heard it right – Shopify launches Adyen as a Payment Service Provider today!
And since that are some crazy news, we’ll give you a little overview why. Shopify has once again demonstrated its commitment to innovation and global expansion by launching Adyen as a PSP. This strategic move marks a significant milestone, particularly for enterprise clients, by offering a suite of features designed to streamline and enhance the online shopping experience.
Adyen (AMS: ADYEN) is a financial technology platform that has become the choice for leading companies worldwide. Known for its end-to-end payment capabilities, data-driven insights, and comprehensive financial solutions, Adyen serves as a single global solution that aids businesses in achieving their ambitions more rapidly. With a client roster that includes major names like Meta, Uber, H&M, eBay, and Microsoft, Adyen’s partnership with Shopify underscores its continuous growth and commitment to both current and new merchants.
One of the most notable features of this update is the ability for businesses to manage multiple entities under one PSP. This flexibility is crucial for enterprises operating in different countries or regions. Additionally, the multi-currency and country payout feature simplifies the financial complexities associated with international transactions.
Shopify’s integration with Adyen extends its global coverage, ensuring that businesses can reach customers no matter where they are. The update also includes Point of Sale (POS) coverage, which is a significant boon for retail businesses that operate both online and offline.
Shopify’s focus on providing a seamless native app experience is evident in this update. The app is designed to offer intuitive navigation and functionality, making it easier for businesses to manage their operations on the go.
With these new features, Shopify is clearly focusing on attracting and retaining enterprise clients. The platform is now more equipped than ever to handle the complex needs of large-scale businesses.
Security is a top priority in online transactions. Shopify’s integration with Adyen includes 3D Secure, an advanced security protocol that adds an additional layer of authentication, thereby reducing the risk of fraud.
A groundbreaking feature of this update is the ability to manage multiple merchant accounts within a single Shopify store. This integration, coupled with full support for Shopify Markets, streamlines the management of diverse product lines and regional markets.
Looking ahead, Shopify and Adyen have outlined an ambitious roadmap for 2024. Plans include launching a credit card app, an alternative app with a wide array of payment methods, and enhanced subscription services with Ideal. Additionally, the roadmap includes vaulted cards, installment plans, local processing for gift cards, and the merging of all Shopify apps into one unified application. The strategic focus will be on the EMEA (Europe, Middle East, and Africa), North America, and Southeast Asia regions underscores its commitment to providing global solutions. These regions represent significant growth opportunities for online businesses, and Shopify’s latest update is poised to make a substantial impact.
Shopify’s integration with Adyen and the host of new features it brings is a clear indication of the platform’s commitment to innovation and global expansion. This update is not just about adding new features; it’s about providing a comprehensive, secure, and user-friendly platform that caters to the needs of businesses of all sizes, across the globe. With its eyes set on the future, Shopify is undoubtedly paving the way for a new era of e-commerce.
Let’s keep pushing the boundaries and challenging the status quo!