The collaboration expands same-day settlements to small merchants in Europe and the UK.
It aims to provide near-instant access to funds, reducing large working capital reserves.
Adyen, the financial technology platform, and SumUp, a
global fintech company for small merchants, have announced a strategic
partnership. This collaboration aims to offer an enhanced payment experience
and faster settlements for millions of small businesses worldwide.
The partnership enables SumUp to expand its near-instant
settlement services to millions of small and micro merchants across Europe and
the UK. This will provide these businesses with quicker access to their funds,
giving them better control over their finances.
Same-Day Payment Settlements for SMEs
By working with Adyen, SumUp will offer its users
industry-leading same-day settlements, available seven days a week, throughout
the year. This means that small and medium-sized enterprises (SMEs) will
receive their funds within minutes after a sale, instead of waiting for days.
This initiative addresses critical cash flow needs and reduces the necessity
for large working capital reserves. A survey indicated that 79% of SME platform
users highly value faster access to funds and have expressed a demand for same-day
payouts.
The partnership combines the expertise of two global fintech
companies. Adyen’s single platform consolidates payment services, streamlining
processes such as pay-ins, reporting, and payouts in real-time. This reduces
transit times and enhances financial flexibility.
SumUp offers a comprehensive
platform of business tools and financial services for SMEs. Its product suite
includes in-person and remote payment acceptance, card terminals, point-of-sale
registers, a free business account and card, online store hosting, and
invoicing tools.
“This partnership is one of a kind as we join forces as
major payments players to give SMEs the ability to settle at incredible
speeds,” commented Alexa von Bismarck, President EMEA at Adyen. “Cash flow is
of the utmost importance for small business owners, and we are proud of being
selected by SumUp as their partner on this mission.”
Expanding Global Reach
SumUp has experienced growth by entering new markets and
launching new product categories and services. It currently serves over 4
million merchants in 36 markets globally.
The collaboration with Adyen aims to
set a new standard for resilient and future-proof market expansion, building on
their existing successful partnership in Australia.
“This partnership will allow us to keep pushing boundaries
and continue providing our merchants with the best solutions to manage their
business, be it payments, software or financial services. We are excited to
amplify our ecosystem of tools and services for small, medium and even
enterprise merchants,” said Marc-Alexander Christ, Co-Founder and COO at SumUp.
Adyen, the financial technology platform, and SumUp, a
global fintech company for small merchants, have announced a strategic
partnership. This collaboration aims to offer an enhanced payment experience
and faster settlements for millions of small businesses worldwide.
The partnership enables SumUp to expand its near-instant
settlement services to millions of small and micro merchants across Europe and
the UK. This will provide these businesses with quicker access to their funds,
giving them better control over their finances.
Same-Day Payment Settlements for SMEs
By working with Adyen, SumUp will offer its users
industry-leading same-day settlements, available seven days a week, throughout
the year. This means that small and medium-sized enterprises (SMEs) will
receive their funds within minutes after a sale, instead of waiting for days.
This initiative addresses critical cash flow needs and reduces the necessity
for large working capital reserves. A survey indicated that 79% of SME platform
users highly value faster access to funds and have expressed a demand for same-day
payouts.
The partnership combines the expertise of two global fintech
companies. Adyen’s single platform consolidates payment services, streamlining
processes such as pay-ins, reporting, and payouts in real-time. This reduces
transit times and enhances financial flexibility.
SumUp offers a comprehensive
platform of business tools and financial services for SMEs. Its product suite
includes in-person and remote payment acceptance, card terminals, point-of-sale
registers, a free business account and card, online store hosting, and
invoicing tools.
“This partnership is one of a kind as we join forces as
major payments players to give SMEs the ability to settle at incredible
speeds,” commented Alexa von Bismarck, President EMEA at Adyen. “Cash flow is
of the utmost importance for small business owners, and we are proud of being
selected by SumUp as their partner on this mission.”
Expanding Global Reach
SumUp has experienced growth by entering new markets and
launching new product categories and services. It currently serves over 4
million merchants in 36 markets globally.
The collaboration with Adyen aims to
set a new standard for resilient and future-proof market expansion, building on
their existing successful partnership in Australia.
“This partnership will allow us to keep pushing boundaries
and continue providing our merchants with the best solutions to manage their
business, be it payments, software or financial services. We are excited to
amplify our ecosystem of tools and services for small, medium and even
enterprise merchants,” said Marc-Alexander Christ, Co-Founder and COO at SumUp.
Visa Faces Anti-Trust Lawsuit for “Illegal” Monopoly: How Will It Impact Debit Card Users?
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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Relive the best moments from the Finance Magnates Pacific Summit 2024 with our highlights video! ✨
From action-packed moments, insightful speaker sessions, the exclusive Opening Blitz, and immersive workshops, this video captures the energy and excitement of FMPS:24. Whether you attended or missed out, here’s your chance to experience the top moments that made FMPS:24 unforgettable.
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Don't miss out on our latest videos, interviews, and event coverage.
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Relive the best moments from the Finance Magnates Pacific Summit 2024 with our highlights video! ✨
From action-packed moments, insightful speaker sessions, the exclusive Opening Blitz, and immersive workshops, this video captures the energy and excitement of FMPS:24. Whether you attended or missed out, here’s your chance to experience the top moments that made FMPS:24 unforgettable.
🎬 Watch, share, and join the conversation!
Don’t forget to use the hashtags #fmps #fmps24 #FMevents when sharing.
Stay tuned for more events. See you next time!
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
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