FinTech: Adyen Launches ‘Payout Services’ For Faster Payouts To The Gig And SMB Economies
By ‘untrapping’ 1 to 3 days’ worth of cash flow per customer, Adyen will enable gig economy operators and marketplace sellers to enjoy immediate payouts for the services or products they have sold.
Adyen, a global financial technology platform, has launched Payout Services, allowing its customers to make instant payouts to their users or partners. By connecting directly to real-time payment rails, Adyen’s banking infrastructure enables faster processing of payouts, freeing up millions in daily cash flow for customers. This move supports greater operational efficiency, empowering businesses and helping them achieve their goals more quickly.
Adyen’s ability to expedite funds movement stems from its branch and banking licenses and direct connections to real-time banking and card schemes. By leveraging a unified banking infrastructure, payments can be expedited by up to three days compared to the average industry timeframe. (CISION PR NEWSWIRE)
Adyen customers can utilize a single API to facilitate worldwide payouts to their user base, including gig economy workers and marketplace sellers. This enhances the platform experience by providing faster access to funds. Customers can use more of their money for interest-earning, invest in research and development, and minimize their reliance on external financing. By managing funds globally through Adyen’s API, enterprise customers can streamline operations and scale more efficiently.
For platform end users, payouts via real-time banking and card schemes offer the advantage of quicker access to their funds. Adyen’s solution meets the demand for same-day settlement or faster, as expressed by 75% of SMBs, and improves the overall end user experience.
Roelant Prins, CCO of Adyen, sees this as an opportunity to provide a market-leading solution for real-time payouts, streamlining cash flow for customers and enabling faster access to cash for end users.
Related Story: Stripe And Microsoft Join To Offer Card Payments In Real Time Within Microsoft Teams
Latest Alternative Investment News
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…