Adyen Sees Transaction Volume Swell to $90 Billion

Adyen Sees Transaction Volume Swell to $90 Billion Arthur Zaczkiewicz Payments technology provider Adyen said it reached a key milestone today as it continues to expand into the retail and fashion space with clients such as Burberry, Tory Burch, L'Oréal, Kit and Ace and Scotch & Soda, among others. The San Francisco-based company said transaction volume grew to $90 billion in 2016 — an 80 percent year-over-year gain. Pieter van der Does, cofounder and chief executive officer of Adyen, said the "opportunity for disruption and innovation in global payments is like no other market in the world today." The ceo went on to note that the company 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." The company said its in-store point-of-sale solution has "expanded to over 2,700 live stores in U.S. and Europe." As previously reported, Adyen is also expanding its geographic footprint. In 2016, the company expanded its payments capabilities across the U.S., in Australia, Hong Kong and in Brazil. "Additionally, [Adyen] continued to add local payment methods in key markets — including WeChatPay in China and Oxxo in Mexico," the company said, adding that it positions itself as "a single Follow WWD on Twitter or become a fan on Facebook. Read More... Fashion 3