The US Office of the Comptroller of the Currency (OCC) has approved Adyen’s application to establish a Federal Foreign Branch in San Francisco, California. The OCC’s approval and its granting of the branch charter in combination with the Federal Reserve’s approval of the application on May 24, 2021 permits Adyen to commence operations as a Federal Foreign Branch.
Obtaining this US branch license allows Adyen to enhance its US activities and operations in line with those conducted in Europe under its European banking license (obtained in 2017). Benefits include increased operational scalability via Adyen’s single platform and the ability to offer enhanced services to its merchants.
“This license was a logical next step for Adyen, and one that has long been on the horizon,” says Pieter van der Does, co-founder and CEO of Adyen. “I’m excited to see this positively impact our merchants operating in the US – we’re well positioned to help them grow.”
This press release contains information that qualifies, or may qualify, as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
About Adyen
Adyen (AMS: 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, Microsoft, Casper, Bonobos and L’Oreal.
Important Regulatory Notice
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Adyen’s securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States without registration thereunder or pursuant to an available exemption therefrom. Neither this document nor the information contained herein constitutes or forms part of an offer to sell, or the solicitation of an offer to buy, securities in the United States.
This announcement is not an offer of securities or investments for sale nor a solicitation of an offer to buy securities or investments in any jurisdiction, including the United States, Canada, South Africa, Australia or Japan. Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. No action has been taken that would permit an offering of securities or possession or distribution of this announcement in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions.
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