Adyen, a global payments platform, has expanded its operations in India. This follows the authorization from the Reserve Bank of India (RBI) to function as an Online Payment Aggregator.

The company can now process both domestic and cross-border payments within India. As part of this development, Adyen plans to establish a technology hub in Bengaluru and launch local payment processing capabilities.

Local Payment Processing Expansion

Adyen’s local payment processing will help merchants in India optimize transactions. This is part of the company’s broader all-in-one payment platform, which integrates various services into a single system.

Adyen is establishing a technology hub in Bengaluru. The hub will allow Adyen to be closer to its merchants in India. It will also enable the company to leverage India's skilled tech workforce to support its global and local payment products.

Adyen's platform handles the entire payment process, from gateway to risk management and acquiring services. This allows brands to expand globally while maintaining efficient payment processes.

“The continued push for a Cashless India presents an opportunity for businesses to offer new customer journeys in the fastest growing e-commerce market in the world,” said Ingo Uytdehaage, Co-CEO, Adyen.

Direct Connections for Transactions

The company offers businesses insights into local payment methods and schemes. Adyen processes transactions through direct connections with major card networks like Visa, Mastercard, Rupay, and UPI. This allows merchants to use a single platform for all key payment methods in India, including credit and debit cards and local payment systems.

“We are looking to help transform digital payments in India with our global full-stack solution and local payment processing capabilities, optimizing transactions so our merchants can focus on opportunities to scale in India,” said Aditya Khullar, Country Manager, India, Adyen.