Dutch payments processing company Adyen on Wednesday (Aug. 25) announced its collaboration with Shiji Group to offer a streamlined payment process for the hospitality industry.
The integration enables hospitality businesses to use the Adyen platform along with Shiji and eliminates the need for a voluminous list of platforms and suppliers to handle various aspects of payments, including those for property management systems and food and beverage point of sale. The collaboration helps to centralize front-end business systems and payment needs and allows for the same point-of-sale system throughout regions and easier payment settlement across all channels.
“Our partnership with Adyen allows us to further improve the operational efficiency of our customers by providing a platform that guarantees a truly seamless and personalized experience for their hotel guests,” said Shiji Payments VP Michael Balzer.
Founded in 1998, Shiji Group serves companies in the hospitality, food service, retail, and entertainment industries. In all, Shiji Group provides its platform to more than 91,000 hotels, 200,000 restaurants and 600,000 retail outlets, according to the announcement.
Due in part to partnerships with other companies, Adyen announced a 67 percent increase in its processed volume during the first half of this year. The 15-year-old company processed 216 billion euros — equal to $252 billion — in the first half of 2021. Its platform enables businesses to accept mobile, eCommerce and point-of-sale systems payments and connects directly to Visa, Mastercard, as well as customers’ other preferred payment methods.
Adyen recently partnered with Just Eat Takeaway to offer a pre-funded card available at select Mastercard and Maestro merchants.
Read more: Adyen Sees 67 Pct Spike In Processed Volume
This spring Adyen announced a collaboration with buy now, pay later (BNPL) company Afterpay to offer installment payment services to customers in the U.S., the UK, Canada, Australia and New Zealand.
See also: Today In Payments: Afterpay, Adyen Team On BNPL; Eastern Bank, Century Bancorp To Merge
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