Payments startup Adyen appoints APAC chief after ‘strong run’ in region
By Digital News Asia April 27, 2015
- Follows US$250mil funding last December, investors included Temasek
- Warren Hayashi joins from PayPal, has 20yrs’ industry experience
AMSTERDAM- and San Francisco-headquartered global payments technology provider Adyen has announced the appointment of Warren Hayashi (pic, above) as president, Asia Pacific, to spearhead its continued expansion in the region.
The announcement follows a “strong run of growth” in the region, the company said in a statement.
It recently expanded its relationships with global customers including Facebook, Airbnb and Evernote, and added new Asia Pacific based customers such as FoodPanda and Offgamers.
“We have ambitious plans in Asia that we highlighted last December when we announced US$250 million in funding from investors including Singapore-based Temasek [Holdings],” said chief executive officer Pieter van der Does.
“Warren’s [Hayashi] deep expertise in payments technology, as well as extensive experience across North America and Asia, mean he is the ideal lead to drive our growth forward in these crucial markets,” he added.
Adyen said it enables businesses to process payments across online, mobile and Point-of-Sale (POS) with over 250 payment methods and 187 transaction currencies.
The US$250-million funding last December valued the company at US$1.5 billion, Tech Crunch reported. The Series B round was led by growth equity firm General Atlantic with participation from existing investor Index Ventures, which led the company’s Series A round.
Meanwhile, Hayashi joins Adyen from PayPal, where he served as the head of core payments, Asia Pacific.
He brings 20 years of experience in payments and technology spanning Asia and Silicon Valley, giving him a deep understanding of the needs of fast growing global businesses in the complex Asian payments landscape, Adyen said in its statement.
The announcement comes as the startup rapidly expands its suite of international and local payment methods, enabling businesses to create better shopper experiences, simplify payment processes, and ultimately grow revenue in the region, it added.
Adyen currently supports over 40 local payment methods in Asia, including Alipay, Tenpay and China UnionPay in China, JCB and Konbini in Japan, Mandiri clickpay, and AlfaGroup in Indonesia, Gcash and Bancnet in the Philippines, and Samsung and Hyundai cards in South Korea.
“Asia Pacific has [among] the highest online and mobile commerce growth in the world, and there is a big opportunity to simplify payments,” said Hayashi.
“I am tremendously excited at the unique value proposition Adyen offers to businesses in the region. … Our technology allows merchants to focus on business expansion instead of investing precious resources to navigate the region’s complex payment landscape,” he added.
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