Adyen, a global fintech platform, has announced a partnership with Eats365, a restaurant point - of - sale (POS) provider. The collaboration aims to optimize payment solutions for food and beverage (F&B) businesses.
Collaboration Goal: Streamlining Operations for F&B Merchants
The partnership is designed to streamline the operational processes for Eats365 merchants and users across the 27 international markets served by Eats365.
Creating Payment Solutions for F&B Merchants
Through 365pay (Eats365's payment solution), merchants can access Adyen's payment technology, covering the entire process from online to offline, and from order placement to payment.
This functionality mainly relies on Adyen for Platforms, a payment product designed specifically for platforms and marketplaces, which helps enterprises like Eats365 address operational and financial challenges.
This functionality mainly relies on Adyen for Platforms, a payment product designed specifically for platforms and marketplaces, which helps enterprises like Eats365 address operational and financial challenges.
- Currently, 365pay has been rolled out in Hong Kong and Singapore. In the future, it will expand to the Asia - Pacific (APAC), Europe, and North America, leveraging Adyen's global network.
- Merchants can expand into new markets and support a variety of local payment methods without additional integrations.
Transaction Transparency and Optimized Financial Processes
The collaboration further introduces an integrated financial reporting system, bringing the following benefits to F&B merchants:
Clear Transaction Data Visibility
- Transaction reports within the Eats365 ecosystem can track payment costs and fees, and monitor the progress of bank settlements.
- With clearer financial visualization, the reconciliation process becomes more convenient, reducing administrative workload.
Faster Merchant KYC (Know Your Customer) Review
- An automated review system is adopted to ensure compliance and reduce approval delays.
- It significantly shortens the merchant activation time, which can be completed in as fast as 48 hours.
Promoting Digital Payments and Enhancing Industry Experience
Eats365's vision is to bridge the operational gaps in the industry through user - centric technology.
- In 2024, Eats365 launched 365pay, covering a wider network of F&B merchants.
- Through integration with Adyen, payment operations are optimized to ensure users have a secure and convenient payment experience.
Adyen is committed to providing efficient and convenient payment solutions. This collaboration further strengthens its mission, allowing F&B merchants to focus on business growth and customer satisfaction.
