18 days ago • Posted by William Ramstein

Adyen reported $246 billion (EUR216 billion) in processed volume in H1

Point-of-sale (POS) volume doubled YoY, hitting $26 billion (EUR22.8 billion) in H1 2021 and comprising 11% of total processed volume. Recent growth reflects a strong acceleration from H1 2020, when POS volume growth remained flat—and was likely spurred by global consumers returning to stores post-vaccine. Company revenue jumped 46% YoY, reaching $507 million (EUR445 million), up from the same period last year, when revenue increased 27%. Adyen pointed out that existing partners and regional diversification mostly drove that increase. How it got there? Minimal client churn and addition of new ones, global expansion to support more merchants, and evolving consumer shopping preferences. Source: emarketer.com