Adyen in Singapore

​Adyen, a global payment solutions company headquartered in Amsterdam, has established a significant presence in Singapore, serving as its Asia-Pacific regional hub since 2017. This strategic move underscores Singapore’s role as a vital financial center, offering a business-friendly environment and payment solutions that facilitates seamless expansion into the Asian market.

In 2020, Adyen Singapore secured a Major Payment Institution license from the Monetary Authority of Singapore (MAS), authorizing it to conduct cross-border and domestic money transfers, as well as merchant acquisition services. This accreditation enables Adyen to provide a comprehensive suite of payment solutions tailored to the diverse needs of businesses operating within the region.

Adyen Singapore

Adyen’s platform offers businesses the capability to accept payments across various channels—online, in-app, and in-store—supporting over 100 local payment methods globally. In Singapore, this includes popular options such as PayNow, GrabPay, and NETS, alongside major credit and debit cards. This extensive range ensures that businesses can cater to the payment preferences of a broad customer base, enhancing the overall consumer experience. ​

For e-commerce enterprises, Adyen provides a payment gateway that integrates seamlessly with websites and mobile applications. This gateway supports dynamic currency conversion, allowing customers to choose their preferred currency during transactions, thereby improving transparency and convenience. Additionally, Adyen’s system offers like-for-like settlement in multiple currencies, including SGD, USD, THB, JPY, and HKD, which is advantageous for businesses dealing with international customers. ​

In the realm of point-of-sale (POS) solutions, Adyen supplies a variety of terminals designed to facilitate secure and efficient in-person payments. These range from mobile card readers suitable for on-the-go transactions to advanced devices equipped with features like barcode scanners and fingerprint readers. Such versatility allows businesses to select hardware that aligns with their specific operational requirements. ​

Adyen also offers value-added financial services, including business accounts, card issuing, and capital financing. These services empower platforms and marketplaces to provide branded financial solutions to their users, such as instant fund transfers and access to working capital, thereby fostering growth and enhancing user engagement. ​

Pricing for Adyen’s services is transaction-based, with fees varying depending on the payment method utilized. For instance, transactions via Visa and Mastercard incur a fee comprising €0.11 plus a variable percentage based on interchange rates and an additional margin. Alternative payment methods like PayNow and GrabPay have distinct fee structures, reflecting the diverse costs associated with different payment channels.

Businesses considering Adyen should assess their specific payment processing needs, transaction volumes, and the geographic distribution of their customer base to determine the platform’s suitability. Adyen’s comprehensive solutions are particularly beneficial for companies seeking a unified system to manage both online and offline payment solutions, gain insights through consolidated data, and expand their operations across multiple regions with diverse payment preferences.