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The Drum

ofo partners with Adyen to allow customers to pay with their preferred method

ofo has announced a global partnership with payments platform company Adyen

Bike-sharing platform ofo has announced a global partnership with payments platform company Adyen, a deal that will allow customers around the world to pay using their preferred local currencies and payment methods.

A user registered in Singapore, for example, can use ofo's services while visiting China with no extra effort to pay in the local currency. Once the user's credit card is linked to an ofo account, in-app payments are simplified and secured with Adyen's technology.

Zhang Yanqi, chief operating officer of ofo, explained that partnership with Adyen will foster the Chinese company’s customer service and user experience globally and accelerate its overseas expansion.

Said Sam Halse, chief operating officer of Adyen, said: "As companies look to expand globally, they need to have the right framework in place. For most businesses, this centers on the ability to provide a seamless payment process in order to deliver the best possible customer experience.

"With an eye toward expanding to the U.S. and beyond, we are thrilled to partner with ofo to power its payments around the world and help them deliver on the promise of a better bike-sharing experience."

Mobike, ofo’s main competitor in China, recently expanded into Europe after launching its service in United Kingdom.