SINGAPORE- Media OutReach - 28 August 2019 - Adyen, the payments platform of choice for many of theworld's leading companies, today announced a collaboration with Alipay, theworld's leading payment and lifestyle platform. Alipay is operated by AntFinancial Services Group, the fintech player of Alibaba's ecosystem, to supportpayment methods for the AliExpress, Taobao, Tmall and Alibaba.com brandsglobally. 

Thepartnership with Alipay means that Adyen will support Alibaba, operator of theworld's largest retail commerce business offering services to consumers,merchants and brands. With this partnership in place, Adyenwill facilitate payments outside of Chinesemainland for AliExpress, Taobao, Tmall and Alibaba.com as the Alibaba Grouplooks to enhance and streamline existing payment management operations.

"Adyen'sproducts are built with fast-growing, fast-moving businesses like Alibaba inmind.  Adyen is designed to deliver real-time,data-driven and quickly scalable payment options. Alipay can utilize Adyen'srich insights into payment authorization to help ensure higher transaction approvalrates and an elevated level of user experience for our customers. We lookforward to continuing our growth trajectory with Adyen," said Clara Shi, Headof Financial Institution Strategic Partnership, International Business Group,Alipay.

Withthe collaboration in place, the benefits of using Adyen's solutions includehigher approval rates, shorter settlement cycles and access to granular datainsights to drive optimization of the payment process. Adyen's solution also offersAlibaba the ability to turn on additional payment methods quickly to buildtrust with local customers.

"AtAdyen, our goal is to remove complexity from the payment process.  Our solutions are created for fast-growingglobal giants like Alibaba who want to create a frictionless, uniformexperience for their customers regardless of geography. We're pleased topartner with Alipay and to be part of Alibaba's journey as they seek to enternew markets and acquire new customers," said Warren Hayashi, President ofAdyen, Asia-Pacific. 

About Adyen

Adyen (AMS: ADYEN) is the payments platform of choice formany of the world's leading companies, providing a modern end-to-endinfrastructure connecting directly to Visa, Mastercard, and consumers' globallypreferred payment methods. Adyen delivers frictionless payments across online,mobile, and in-store channels. With offices across the world, Adyen servescustomers including Facebook, Uber, Spotify, Singapore Airlines, CathayPacific, Grab, Klook, Lorna Jane, Freelancer.com, Kogan.com and the Cotton OnGroup. The cooperation with Alipay as described in this merchant updateunderlines Adyen's continuous growth with current and new merchants over theyears.

About Alipay

Operated by Ant Financial Services Group, Alipay is the world's leadingpayment and lifestyle platform. Launched in 2004, Alipay currently serves over1 billion users with its local e-wallets partners. Over the years, Alipay hasevolved from a digital wallet to a lifestyle enabler. Users can hail a taxi,book a hotel, buy movie tickets, pay utility bills, make appointments withdoctors, or purchase wealth management products directly from within the app.In addition to online payments, Alipay is expanding to in-store offlinepayments both inside and outside of China. Alipay's in-store payment servicecovers over 50 markets across the world, and tax reimbursement via Alipay issupported in 35 markets. Alipay works with over 250 overseas financialinstitutions and payment solution providers to enable cross-border payments forChinese travelling overseas and overseas customers who purchase products fromChinese e-commerce sites. Alipay currently supports 27 currencies.