Zeus Investments researchers have been reviewing a a leading global payments platform company based in the Netherlands called Adyen.
SEOUL, South Korea - Oct. 18, 2023 - PRLog -- Adyen, a leading global payments platform, today announced that it processed €426 Billion in payments in the first half of 2023, up 23% year-on-year.
Net revenue was €739.1 million, up 21% year-on-year. EBITDA was €320 million, down 10% year-on-year, primarily due to increased wages and salaries stemming from Adyen's investments into scaling its global team for the long term.
Adyen's growth is being driven by the increasing shift to online and mobile payments, as well as the growing demand for omni-channel payment solutions. Adyen's platform enables businesses of all sizes to accept payments from over 250 payment methods worldwide, and provides them with the tools they need to manage their payments across all channels.
Some of Adyen's recent highlights include:
- Partnering with True Alliance to deliver an enhanced customer experience across 19 world-class brands. This partnership will allow True Alliance's customers to checkout faster and more securely, with fewer abandoned carts.
- Issuing over two billion active network tokens, marking 2,200% growth in the technology since 2020. Network tokens are a secure way to process payments without storing sensitive card data.
- Being granted UK banking authorization. This authorization will allow Adyen to offer its customers a wider range of services in the UK, including issuing payment cards and providing lending solutions.
- Launching Android POS terminals. These terminals offer businesses a flexible and affordable way to accept payments in-store.
About Adyen
Adyen is a leading global payments platform that provides businesses with a single solution to accept payments from over 250 payment methods worldwide. Adyen's platform is used by businesses of all sizes, from start ups to large enterprises, and is trusted by some of the world's leading brands, including Adidas, Airbnb, Booking.com, Carrefour, and Nike.
Adyen is head quartered in Amsterdam, the Netherlands, and has offices around the world. Adyen is listed on the Euronext Amsterdam stock exchange.
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Micheal Zeits
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Source: Zeus Investments
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