RELEASE: Adyen Announces Payment Collaboration with Instacart

SAN FRANCISCO, Nov.

RELEASE: Adyen Announces Payment Collaboration with Instacart

SAN FRANCISCO, Nov. 10, 2022 /PRNewswire/ -- Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, today announced that Instacart, North America's leading grocery technology company, has selected the company as an additional payment processing partner.

As part of the new partnership, Instacart will leverage Adyen's functionality, including enabling PINless debit transactions, to further optimize and improve authorization rates for an even more seamless customer experience.

"Working with Instacart on US debit enablement and processing is the first step in what will be an exciting partnership," said Brian Dammeir, president of North America at Adyen. "We look forward to working closely with Instacart on future payment capabilities as the company continues to expand."

"At Instacart, we are dedicated to creating the best possible online grocery shopping experience for the customers and partners who trust us every day," said Heather Rivera, Vice President of Strategy, Corporate Development and Partnerships at Instacart. "We are delighted to welcome Adyen as an additional payment partner that will allow us to continue to scale and ensure our customers have a seamless experience throughout the checkout process."

In North America, Adyen has seen a significant increase in debit usage in the past year. For marketplaces like Instacart that consumers rely on to connect and shop online from their favorite retailers, improving the customer experience means optimizing authorization rates across issuers and the various debit networks. Adyen's RevenueAccelerate offering seamlessly applies the preferences of each issuer and debit network to help merchants see increased authorization rates, resulting in a more seamless and efficient customer experience.

About Adyen

Adyen (AMS: ADYEN) is the financial technology platform of choice for leading companies. 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 like Facebook, Uber, H

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