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UNIQLO operator chooses Adyen for multiple market payments

By Zach Thompson
Thu 7 Jul 2022

The operator of UNIQLO, Fast Retailing, has selected Adyen to power payments for its in-store and online checkout in multiple markets.

Integrating with Adyen will remove the need for multiple supplier contracts meaning UNIQLO can easily consolidate and reconcile payment information throughout numerous channels.

Additionally, the single platform offers UNIQLO the ability to deploy omnichannel services faster.

“We’re pleased to enable Fast Retailing in implementing a truly customer-centric structure that uses innovation to provide a great UNIQLO experience,” Adyen co-founder and CEO Pieter van der Does says.

“It’s exciting to shop in a UNIQLO store in Amsterdam and know you’ll have the same checkout experience in other markets.

“We’re excited to enable Fast Retailing in using innovation to offer a truly customer-centric omnichannel experience that underscores the exceptional service shoppers have come to expect from the UNIQLO brand.”

This announcement comes after the global payments platform expanded its partnership with AfterPay allowing more of Adyen’s merchants in more countries worldwide to use the Buy Now Pay Later (BNPL) provider.

Adyen merchants such as MandM Direct, Revolution Beauty, and Superdry already offer Afterpay to customers. The global partnership will also see Afterpay’s service made available to Adyen merchants in the UK, France, Italy and Spain. The service is known as Clearpay in the UK and Europe.

Afterpay is working with Adyen to process payments across key markets, including Australia, New Zealand, Canada, Europe, the US, and the UK to support the company’s global growth and momentum.

Adyen says its global reach and focuses on enterprise businesses as an acquirer provides Afterpay with the capability needed for its fast-growing business.

This comes as consumer and merchant appetite for BNPL payment methods continues to gain global momentum, with usage in Australia increasing by 120 per cent since the beginning of the pandemic.

Globally, 24% of consumers have used BNPL services, with adoption highest in Sweden, Norway, Mexico, France, the USA, and Denmark.

Afterpay global platform and partnerships general manager Zahir Khoja says the holiday season 2021 was the holiday for BNPL, with consumers using Afterpay to pay for their holiday gifts.

Adyen and Afterpay began their local payment method partnership in 2018.

Adyen says it’s the financial technology platform of choice for leading companies.

It provides end-to-end payments capabilities, data-driven insights, and financial products in a single global solution.

Adyen has offices worldwide and works with the likes of Cotton On Group, Nando’s, Freelancer.com, Kogan.com, Budgy Smuggler, Movember, Showpo, Rodd & Gunn, and Jurlique.

The company says this partnership with Afterpay underlines Adyen’s continuous growth with current and new merchants over the years.

Afterpay allows customers to buy products immediately and pay for their purchases over four instalments.

The service is completely free for customers who pay on time - helping people spend responsibly.

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