Invenda Group has announced a new partnership with Adyen, the global financial technology platform of choice for leading businesses.
The partnership furthers Invenda’s 360-approach to automated retail by incorporating a more efficient, streamlined, and cost-effective digital payments process. Adyen’s advanced technology will be incorporated to enable Invenda Wallet, a download-free web app that enables mobile shopping for consumers.
The new partnership closely follow Invenda’s $19M Series B funding round, (as reported by Planet Vending), and will further develop the Internet of Retail (IoR)–a dynamic network of connected self-service POS hardware and supporting software. Through the full IoR-connected ecosystem of Invenda Platform solutions, Invenda partners are able to collect unprecedented data about the shopping journey, creating highly customised and engaging retail experiences for consumers while driving sales and insights for brands and operators.
‘The automated retail industry has had an ‘if-it-ain’t-broke-don’t-fix-it mentality for too long but at Invenda, we’re committed to leading the industry forward,’ said Mark Crandell, MD, Invenda North America. ‘Layering these additional services into our platform allows automated retailers to offer payment options that match today’s consumers’ expectations.’
‘We couldn’t be more thrilled to team up with Invenda and bring our payment technology to the forefront of automated retail,’ said Niklas Brüning, VP of business development at Adyen. ‘We share a common mission: to push the boundaries of what’s possible. By combining our expertise in payment solutions with Invenda’s innovative approach, we believe we can help drive significant innovation and value for both operators, and their customers.’
*Invenda will be exhibiting at the upcoming NAMA show in Atlanta from May 10-12. Visit the “Invenda Smart Market” at booth #1453 to learn more about the Burroughs partnership, while the partnership with Adyen will be showcased at NAMA’s “Imagination Way”.
To learn more about Invenda Group AG and the company’s pioneering IoR technology, click HERE
More on Planet Vending, HERE