By the numbers: Netherlands-based acquirer and payment gateway Adyen reported $246 billion (EUR216 billion) in processed volume in H1, up 67% year over year (YoY), per its shareholder letter. Adyen’s processed volume growth in H1 outpaced the same period last year, when it increased 23% YoY, indicating that the pandemic-driven shift to digital payments has endured.
More key data: Other metrics underscore strong performance:
How we got here: Adyen identified three factors that helped achieve growth in H1.
What’s next? New partnerships and further global expansion should help Adyen carry growth into the second half of the year.
Adyen recently partnered with Just Eat Takeaway, one of Europe’s biggest food delivery companies, to issue corporate meal expense debit cards, which come preloaded with allotted funds and can help employees to consolidate meal expenses. The partnership benefits Adyen by expanding its burgeoning issuing business and boosting its revenues.
Global expansion offers further opportunities, particularly in regions like Asia and the Middle East, where ecommerce is continuing to grow and Adyen’s presence is limited. Extending its reach can increase revenue-generating opportunities as global consumers continue to embrace digital payments.
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