Checkout.com has signed a global payments partnership with Spotify to manage subscription transactions across more than 180 countries.
Under the agreement, Checkout.com will provide global acquiring services for Spotify’s subscription business, supporting payments for more than 700 million monthly active users and over 280 million paying subscribers worldwide.
Spotify will use Checkout.com’s Intelligent Acceptance system, which applies real-time data and machine learning to route transactions and reduce payment failures.
The integration also includes Network Tokens, which allow recurring payments to continue even when a customer’s physical card is replaced, as well as authentication services to support secure subscription transactions.
“Our aim is to deliver a seamless, simple, and safe payment experience so that our users can focus on enjoying the music, podcasts, and audiobooks they find on Spotify.
It’s important for us to work with partners who can move quickly and collaborate closely. Partnering with Checkout.com enables us to leverage their global reach, local expertise, and the ability to optimise payment performance at scale.”
said Sandra Alzetta, Vice President, Global Head of Payments and Customer Service at Spotify.
“Spotify sets the standard for digital experiences for creators and fans across the world, and payments play a critical role in delivering that.
By combining our global acquiring network with Intelligent Acceptance – which performs 87 million real-time optimisations daily – we’re helping maximise acceptance rates, reduce costs, and deliver the best possible payment experience for Spotify’s global audience, today and in the future.”
said Guillaume Pousaz, CEO and Founder of Checkout.com.
Featured image: Edited by Fintech News Singapore, based on image by Freepik
