Adyen partnered with Glovo a year ago
Adyen has announced the expansion of its partnership with Glovo to provide card issuing for Glovo’s entire European courier base.
The companies have started rolling out an initial 30,000 cards among Glovo’s European courier base so that Glovo can use Adyen as its exclusive European card-issuing partner.
Glovo chose to expand with Adyen Card Issuing for a few key reasons:
- Smart card controls such as geo-fencing to specific stores meant funds on issued cards are used for the desired purpose
- Reduced need to provide separate working capital to support the issued card transactions by linking the acquiring and issuing accounts within the Adyen financial ecosystem
- Eliminated overhead in onboarding new vendors or expanding into new markets, Glovo couriers simply walk in and pay using their issued card in line with card scheme acceptance
We’ve reported that Adyen teamed up with a popular omni-channel sporting goods retailer.