This financial services addition builds on Adyen and FREE NOW’s relationship, which previously spanned global payments. With Adyen’s issuing capabilities joining FREE NOW, the company aims to streamline mobility benefits on behalf of its enterprise customers, who will be able to provide corporate cards to employees as an all-encompassing transport benefit. By expanding its mobility offering beyond its own ride sharing app to include diverse transit methods, FREE NOW is equipped and determined to create an augmented enterprise travel card.
Adyen’s officials said that today, companies spanning all verticals are thinking bigger about the services they offer their customers. Differentiation is no longer just nice to have. The companies which meet more customer needs are the ones poised to succeed. Adyen can enable this competitive advantage with its suite of financial services. As embodied in their growing FREE NOW partnership, they make it possible to unlock new experiences and efficiencies that drive new revenue streams and cater to end customers.
FREE NOW has a portfolio of enterprise customers utilising its Mobility Super App as an employee mobility benefit. Even though the app offers ride hailing, carsharing, and micro mobility options, these are just a few forms of transport employees need. In reality, the breadth of travel methods used includes public transport buses and metros, train travel, ferries, and beyond, as per the r[ess release. This diversity of expenses results in companies facing a lack of transaction oversight and control, complex contract set-ups, and labour-intensive invoice management.
Through Adyen’s card issuing solution, FREE NOW has identified an innovative way to streamline this historically convoluted employee benefit.
With Adyen’s issued Visa business cards, companies will retain full control of when, where, and up to how much employees can spend on travel. To enable total mobility, the cards will be able to be stored in employees’ digital wallets. Once uploaded, employees can use their FREE NOW branded Visa business cards to pay for taxis, train tickets, tap-to-pay metros, buses, trams, or any other transport point-of-sale. It’s a single solution comprising all employee mobility needs, whether that be in their daily commute or during business travel.
In addition to providing ease of use for employees, Adyen’s issuing capability presents significant upside for FREE NOW’s enterprise customers. Companies will gain insights into their employees’ transaction activities, which can better inform their budget allocation. Adyen’s global banking licenses provide international coverage and eliminate third-party dependencies.
Through Adyen’s single integration, the same card can be issued at a company’s other locations across the UK and EU. Furthermore, when employees travel abroad, the card can be used in any country where Visa is accepted. With cohesive oversight and simplified reconciliation, FREE NOW’s Mobility Benefits Card is a one-stop solution for company transport administration.
For more information about Adyen, please check out the company profile in The Paypers Company Database.
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