FinTech: Adyen Launches ‘Payout Services’ For Faster Payouts To The Gig And SMB Economies

June 2, 2023 | FinTech, News
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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

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