Adyen Canada country manager Sander Meijers spoke to the Star about the e-commerce/brick-and-mortar debate, cycling in the city, and how Adyen might handle an impending recession:
Fintech companies, by and large, have had a gloomy 2022, with inflation and high fuel prices forcing companies to rethink their growth plan.But Adyen has managed to avoid this fate through deliberate, careful hiring and a very long-term time frame.In fact, Adyen is looking to expand its Canadian operations and snap up business with major Canadian retailers and platforms, just another part of the company’s global growth plan.
A lot of Canadians are very familiar with Stripe. How would you compare what you do to what Stripe does? If you were to ask, years ago, whether someone would buy an expensive jacket on the internet, people would say ‘no way’. Today, people are buying cars online. The world changed from only having brick-and-mortar sales to both brick-and-mortar and e-commerce. Every store should be thinking about ‘omnichannel’, how to reach customers both online and in-store
Adyen doesn’t work in stock management. I think it’s a question retailers are thinking about every day, shortening delivery time. What we can do is make sure payment is very clear to the store that’s selling a product, and they don’t have to wait for the next day to see whether the payment has been made. It’s going to all be in the same system, on the same back end.
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