Adyen Increases Transaction Volume to $90 Billion in 2016, Nearly Doubling Year-over-Year

SYDNEY – February 10, 2017 – Adyen, the leading payments technology company, today announced the company increased transaction volume 80 percent year-over-year, totalling $90 billion in 2016. Adyen also made significant traction in the retail market, including the successful global rollout of Burberry’s omnichannel payment infrastructure.

“The opportunity for disruption and innovation in global payments is like no other market in the world today,” said Pieter van der Does, co-founder and CEO of Adyen  “Adyen has become the partner of choice for companies looking to expand globally, and we’re now seeing real growth in our next big area of focus, the in-store retail payment experience.”

Along with Burberry, Adyen’s fast growing list of retail customers includes L’Oreal, Kit and Ace and Scotch & Soda. In the past twelve months, the company’s in-store point of sale solution has expanded to over 2,700 live stores in U.S. and Europe, and will expand into Australia in 2017.

Adyen has also continued to increase the number of ecommerce businesses it works with, bringing on new customers such as Etsy, LinkedIn, Skype and Twitter to join existing customers including Kogan, Uber, Netflix, Facebook, Airbnb, Spotify and more.

“As we continue to scale and expand our business, we see the value of investing in technology like payment solutions that provide consistency and clear reporting,” said Goran Stefkovski, Chief Technology Officer at Kogan.com, “Through our partnership with Adyen, we’ve been able to fine-tune our checkout process and introduce trusted local payment methods for our customers."

Throughout 2016, Adyen increased its footprint around the globe. Adyen expanded its local card acquiring capabilities to the U.S., Brazil, Hong Kong and Australia. Additionally, it continued to add local payment methods in key markets – including WeChatPay in China and Oxxo in Mexico. Adyen is unique in that it has a single global and end-to-end platform, which enables the company to increase overall conversions rates for its customers by 1.4 percent.

The company also increased profitability in 2016, and has been profitable since 2011.

For more information about the Adyen payment platform, visit: http://www.adyen.com