Tide partners with Adyen to deliver payment acceptance

Thursday 7 October 2021 11:48 CET | News

UK-based fintech Tide has partnered with payment service provider Adyen to expand its platform with a payment acceptance offering.

Tide has selected Adyen as its first partner within the payment acceptance space. Powered by Adyen’s technological offering, Tide will allow members to accept card payments from customers via the soon-to-be-launched Tide Payment Links.

Tide Payment Links will allow SMEs to accept card payments remotely with the option to include a payment link on invoices. According to the press release, payment links have proven a popular method of making payments with the pandemic expediting the decline in the use of cash and  over 1.2 million small and micro-businesses are already using card acceptance tools, with the volume of ATM withdrawals 40% lower in October 2020 compared to the previous year.

Adyen will provide the back-end technology for Tide Payment Links, with members interacting with a streamlined Tide interface. Tide regularly collaborates with industry members to deliver products, integrating them into the platform and offering Tide members an experience that can be scaled.

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Keywords: online payments, partnership, Adyen, SMEs, payment methods, merchants
Categories: Payments & Commerce
Countries: United Kingdom
This article is part of category

Payments & Commerce