Subway recently signed a payment deal with Adyen, which dictates that Adyen will process the payments for many of the chain's locations across the United States and Canada. Kamran Zaki, the Chief Operating Officer for Adyen, stated the payment deal will cover over 20,000 Subway locations. Additionally, Adyen will provide the technology to process payments either in the restaurant, online or through the Subway app.
Adyen is able to process all of the most popular payment methods, while also providing detailed data related to the payment process. The Subway Chief Informational Officer, Mike Macrie spoke about the new deal, "Adyen’s payment platform will further allow Subway to bring the latest digital payment technologies to market."
Adyen is a company based out of Amsterdam and it appears to be specializing in payment systems for QSR restaurants., and the company signed a deal with McDonald's to process transactions made through the mobile app.
QSR Payment Processing Deals
Subway Entered into a Payment Deal with Adyen for US & Canada Stores
Trend Themes
1. Digital Payment Technologies - Adyen's payment platform enables Subway to bring the latest digital payment technologies to market.
2. Integrated Payment Solutions - Adyen's ability to process payments in-restaurant, online, and through apps provides an opportunity for integrated payment solutions.
3. Detailed Payment Data Analysis - Adyen's provision of detailed data related to the payment process opens up opportunities for data-driven insights and analysis.
Industry Implications
1. Quick Service Restaurants (QSR) - Adyen's specialization in payment systems for QSR restaurants presents opportunities for seamless payment processing in the industry.
2. Mobile Payment Apps - Adyen's deal with Subway to process transactions made through the mobile app highlights the potential growth of the mobile payment app industry.
3. Payment Processing Technology - Adyen's payment processing capabilities open up opportunities for innovation in the payment processing technology industry.