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Fruugo enlists Adyen to streamline payments and fuel growth

Fruugo enlists Adyen to streamline payments and fuel growth | Fintech Finance

Fruugo, a technology company operating a global online marketplace, has chosen Adyen (ADYEN:AMS), the global financial technology platform of choice for leading businesses, to provide its customers with an enhanced payments experience. Through its use of Adyen’s platform, Fruugo is able to offer a wide range of local payment methods in each of 41 different countries in which its marketplace operates.

Thousands of sellers from all over the world use Fruugo’s technology to access a global audience for their products.  Fruugo makes selling globally easy for sellers, as with a single Fruugo account they can reach shoppers in 41 countries. Adyen’s technology has been integrated to the Fruugo platform to provide global acquiring capabilities and the local payment methods customers across the world want to use to pay. This amplifies Fruugo’s offering to both retailers and customers and boosts its retail presence globally thanks to bespoke, seamless payments experiences. This experience is enhanced by offering local currencies and payment methods as the default, no matter where the customer is shopping.

Furthermore, Adyen’s single platform provides a powerful risk management solution for Fruugo, protecting against fraudulent transactions while increasing approval rates. This provides customers with a frictionless customer experience, and helps improve Fruugo’s bottom line by preventing genuine transactions from being unnecessarily declined.

“Retailers have had a challenging year, with many having to bolster or even create an online offering in response to the pandemic.” commented Tony Preedy, Managing Director of Fruugo. “Our role as a marketplace is to help retailers recover and grow, by making it easy for them to sell internationally and reach a global customer base for their products. Integrating Adyen into Fruugo’s unique and proprietary technology stack helps us to offer shoppers a secure and frictionless shopping experience, providing the tailored payments experiences based on market preferences that are vital for the localisation of our offer.”

“Adyen was designed as a global platform from the outset. So, helping brands understand and offer preferred payment methods and creating slick experiences no matter where the customer is from or how they want to pay, is at the core of what we do. We’re passionate about facilitating growth for retailers, and are big advocates of marketplaces to help achieve this,” said Colin Neil, Managing Director Adyen UK. “We’re excited to be on this journey with Fruugo, to help transform its marketplace experience and provide the payments expertise to help facilitate growth in every market it seeks to operate in, globally.”


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