Dutch payments company Adyen has collaborated with fintech platform Intuit, which is behind products such as TurboTax, Credit Karma, QuickBooks and Mailchimp.

This partnership will integrate Adyen’s payment services with QuickBooks Online. This move is intended to improve the payment experience for almost 2.9 million invoices sent through the platform every month in the UK.

Intuit QuickBooks customers benefit from a variety of payment options and fast money transfers by leveraging Adyen’s UK banking license and direct access to Faster Payments Services (FPS).

QuickBooks is a business platform that helps sole proprietors and SMEs manage their finances, receive payments, and monitor cash flow, serving 6.5 million subscribers.

Globally, Intuit’s products are used by 100 million customers every day and offer a range of tools designed to increase customers and revenue and provide AI-powered insights for business growth.

The initial integration provides multiple ways to automate financial processes, multiple payment options for invoice settlement, error reduction and receivables tracking.

Nick Williams, product director of Intuit QuickBooks, said: “Adyen’s payments platform is designed to provide merchants and their customers with a seamless payment experience, and we are excited to bring this capability to our users, increasing the convenience of transacting money on QuickBooks We went through a rigorous selection process and chose Adyen because of its fast turnaround times, comprehensive risk tools and market-leading position.”

Hemmo Bosscher, senior vice president of platforms and financial services at Adyen, explained: “This collaboration combines Intuit’s best-in-class financial tools with Adyen’s cutting-edge embedded financial technology, providing SMEs across a range of industries with streamlined payment experiences, simplified everyday operations and new growth opportunities.”

In August 2024, Adyen expanded its operations into India after receiving approval from the Reserve Bank of India (RBI) to act as an online payments aggregator for domestic and cross-border transactions.

“Adyen partners with Intuit to improve payments for UK SMEs” was originally created and published by Electronic Payments International, a brand owned by GlobalData.

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