Adyen offers Adyen platform that integrates gateway, risk management, processing, acquiring, and settlement of payments.
Adyen is a global payment company that allows businesses to accept e-commerce, mobile, and point-of-sale payments. Adyen has more than 3,500 customers and is listed on the stock exchange Euronext.
Adyen offers merchants online services for accepting electronic payments by payment methods including credit cards, bank based payments such as debit cards, bank transfer, and real-time bank transfers based on online banking. Adyen’s online payment platform connects to payment methods across the world. Payment methods include international credit cards, local cash-based methods, such as Boleto in Brazil, and Internet banking methods, such as iDEAL in the Netherlands. The technology platform acts as a payment gateway, payment service provider and offers risk management and local acquiring.
Adyen reported net revenue of €1.62 billion for 2023, up 22 percent YoY, fueled by continued growth in the customer base amid an expanding team of employees.
Adyen published its slowest growth for a half-year since 2018 and lost $20 billion of its market valuation as shares also fell 39%.
The European payments giant attributed its poor performance to various factors.