On June 21, 2023, in Paris, Adyen (AMS: ADYEN), a global financial technology platform for large enterprises, announced an international partnership with Shopify, a universal provider of technology infrastructure for e-commerce. This partnership aims to amplify Shopify's capabilities, simplify the customer journey, and facilitate payment management, which is often complicated for businesses. As part of this alliance, Adyen will support Shopify's expansion among its large-scale customers by offering them a variety of payment solutions to maximize their revenue and drive growth.
Adyen: flexible and integrated payment solutions
Adyen offers integrated and flexible local and international payment solutions to enable businesses to deliver the best possible customer experience over the long term. The Adyen payment solution will be available on the Shopify Payment Partner platform later this year, offering large merchants a much more flexible and frictionless payment experience for their customers.
A logical choice for growing businesses
Nearly seven out of ten retailers plan to expand into new markets this year. In this context, Adyen's solution, which provides access to major payment methods, combined with Shopify's optimal conversion rate capabilities, is a logical choice for these companies. The first phase of integration with Shopify will focus on a payment solution that covers major payment cards, as well as wallets such as Apple Pay and Google Pay. Support for local payment methods (LPM) will follow later in the year.
A mutually beneficial partnership
"This partnership with Shopify will enable businesses to grow rapidly, as our e-commerce payment solutions are specifically designed to create a frictionless payment journey," said Roelant Prins, COO at Adyen. "Our software integration is designed entirely in-house, and our technology will help merchants using Shopify to grow their businesses in an agile and flexible way, enabling them to achieve their long-term growth goals." Shopify continues to invest in strategic partnerships and technological innovations to shape the future of the e-commerce industry. With this integration, retailers will have more opportunities to accelerate their growth and expansion. In fact, 55% of businesses worldwide reported that they will be in a better financial position in 2023 thanks to the internationalization of their activities across multiple markets.
A centralized system for managing operations and payments
Businesses have long been waiting for a partnership in which Adyen and Shopify provide a centralized system for managing operations and payments, as well as integration with third-party systems. "We now have the opportunity to be part of the big leagues, and we now offer something unique—namely, a centralized solution within a single platform," says Kaz Nejatian, COO at Shopify. "Adyen is a preferred payment partner for Shopify because it has extensive experience, expertise, and solutions that meet the needs of large-scale international merchants. So it was an extremely logical choice for us, and more importantly, for our customers."
Premium payment features for e-commerce
By consolidating this partnership, Shopify and Adyen offer high-end payment features to e-commerce players. Several other features will be added in the future, allowing businesses to customize their checkout experience without impacting performance and expand their presence in new countries thanks to a global infrastructure. In addition, this integration will also help improve operational efficiency and save money by eliminating maintenance requirements, while benefiting from a fully integrated back-end.
Adyen and Shopify: pioneers in the field of e-commerce
Adyen and Shopify stand out as pioneers in the field of e-commerce. By providing end-to-end payment capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses achieve their ambitions faster. With offices around the world, Adyen works with companies such as Uber, H&M, Leboncoin, and Boulanger. The partnership with Shopify, as outlined in this press release, demonstrates Adyen's continued growth and strengthening market position over the years.
Shopify, for its part, is a global leader in commerce, providing essential technology infrastructure and reliable tools to start, grow, and manage a retail business of any size. With its platform and services designed for speed, customization, reliability, and security, Shopify delivers a better shopping experience for consumers online, in-store, and everywhere in between. Shopify hosts millions of businesses in over 175 countries and is trusted by brands such as Mattel, Gymshark, Heinz, FTD, Netflix, Kylie Cosmetics, SKIMS, Supreme, and many others.
In short, this partnership between Adyen and Shopify represents a major step forward for e-commerce, providing innovative payment solutions and facilitating operations management for large companies.
