Fintech firm Adyen has opened a new office in Toronto to anchor its Canadian operations and appointed Ilona Fagyas as Head of Sales. This new hub will reportedly be the company's headquarters in Canada.

Adyen Strengthens Presence in Canada

Since 2020, Adyen has significantly bolstered its presence in Canada, expanding its team to 26 employees who support both local and international businesses. Fagyas joins Adyen as Head of Sales for Canada.

Sander Meijers, Adyen's Canada Country Manager, mentioned: "The opening of Adyen's Toronto office represents a significant milestone for Adyen Canada as we continue to expand. Our growth is driven by our dedicated team, which consistently assists our growing customer base with innovative payment technology. The progress in payment technology has prompted many organizations and businesses to remodel their technology stack and operations for greater flexibility and convenience in payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term."

With over 15 years of experience in sales management within the Canadian fintech industry, Ilona has a wealth of expertise from her previous roles at TD, Chase, and PayPal. Her background includes multiple President's Club designations for outstanding contributions to sales performance. At Adyen, Ilona will focus on expanding the company's footprint in Canada and enhancing its commerce business.

Adyen's innovative financial technology platform is transforming payment solutions across Canada. The company has established local partnerships, launched new products, and enlisted merchants such as Moose Knuckles and Mejuri.

Adyen Expands Partnerships

Most recently, Adyen partnered with Vapiano, an Italian restaurant group, to boost the group’s customer experience. Through this collaboration, Adyen will augment the checkout process at Vapiano by enabling guests to customize their checkout and make mobile phone-based food orders using digital wallet Digital Wallet A digital wallet is a popular mechanism referring to an electronic device, online service, or software program that allows one party to make electronic transactions with another party.This involves the bartering or exchange of digital currency, including cryptocurrency for goods and services. Money can be deposited in the digital wallet prior to any transaction, which also includes an individual's bank account that is linked to the digital wallet. A digital wallet can include more than just digi A digital wallet is a popular mechanism referring to an electronic device, online service, or software program that allows one party to make electronic transactions with another party.This involves the bartering or exchange of digital currency, including cryptocurrency for goods and services. Money can be deposited in the digital wallet prior to any transaction, which also includes an individual's bank account that is linked to the digital wallet. A digital wallet can include more than just digi Read this Term payments.

This partnership resulted from an initiative undertaken at one of Vapiano’s London restaurants, which disclosed that 80% of orders were completed through mobile phones, highlighting a growing interest in more payment options.

Additionally, Adyen collaborated with Cotti Coffee, a coffee chain. This deal seeks to expand Cotti Coffee's services to Canada, Australia, Japan, Singapore, and the United Arab Emirates. Since its initial store opened in October 2022, Cotti Coffee has expanded to 28 countries and regions worldwide.