In line with Singapore Airlines' vision to be the world's leading digital airline, the partnership will centre on Adyen's solutions to optimise the payments process. This includes the use of Adyen's direct credit card acquiring capabilities which eliminates the need to run payments across multiple third-party platforms, increasing Singapore Airlines' already healthy payment authorisation rate by leveraging Adyen's RevenueAccelerate.
Singapore Airlines can identify legitimate customers as the solution taps on Adyen's global, cross-industry data network to block fraudulent transactions, leaving the genuine travellers unhindered. This unlocks more revenue for Singapore Airlines and creates a frictionless experience for customers.
"For Singapore Airlines, best-in-class customer service begins with the booking," said Warren Hayashi, President of Adyen, Asia-Pacific. "At Adyen, we have seen that payments data can be the jet fuel that powers global expansion for airlines. Payments data remains a valuable resource for companies who seek to understand their customers better and improve revenue. We are pleased to partner with Singapore Airlines to power seamless payments experience for travelers regardless of location, device or payment method."
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Adyen is the payments platform of choice for many of the world's leading companies, providing a modern end-to-end infrastructure connecting directly to Visa, Mastercard, and consumers' globally preferred payment methods.
Adyen delivers frictionless payments across online, mobile, and in-store channels. With offices across the world, Adyen serves customers including Facebook, Uber, Spotify, Cathay Pacific, Grab, Klook, Lorna Jane, Freelancer.com, Kogan.com and Showpo.
The cooperation with Singapore Airlines as described in this merchant update underlines Adyen's continuous growth with current and new merchants over the years.