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Adyen is a Dutch payment company with the status of an acquiring bank that allows businesses to accept e-commerce, mobile, and point-of-sale payments. It is listed on the stock exchange Euronext Amsterdam.
Adyen offers merchants online services to accept electronic payments. The technology platform acts as a payment gateway and a payment service provider.
In 2012, Adyen started to expand globally, opening its offices in San Francisco, Paris, and London. In the same year, it obtained its pan-European acquiring license.
In 2015, Adyen achieved a valuation of $2.3 billion, making it the sixth-largest European unicorn.
In 2016, it obtained an acquiring license in Brazil through a BIN sponsorship.
In 2017, the company was granted a European banking license, which gave it the status of an acquiring bank. It also obtained acquiring licenses in Singapore, Hong Kong, Australia, and New Zealand.
In 2018, the company announced that it would be listing its shares publicly in AEX index. The IPO took place on 13 June 2018.
In 2019, Adyen opened new offices in Tokyo and Mumbai, and expanded its payment offering in Africa. In the same year, it launched Adyen Issuing, a virtual and physical card-issuing business to complement payments services to merchants.
In 2020, the company benefited from an accelerated digitalization of global ecommerce in the online retail segment, which compensated for the declining travel volumes in enterprises due to the COVID-19 pandemic. It launched mobile Android POS devices worldwide in the second half of the year. In addition, it opened a new office in Dubai, expanding its offering in the Middle East.
On January 31, 2018, eBay announced that it had signed an agreement with Adyen to become its primary payments processing partner. eBay began intermediation on a small scale in North America starting in the second half of 2018, expanding in 2019 under the terms of the operating agreement with PayPal. In 2021, eBay transitioned a majority of its marketplace customers to Adyen.
In 2022, the company exceeded €1.3 billion in revenue.
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