Adyen’s impressive H1 results reflect new partnerships and global expansion

What to read today: Payments and Digital Commerce Platforms : Digital commerce platforms help merchants of all sizes sell online, making them an increasingly big factor in ecommerce payments. This creates new opportunities for processors, gateways, and other payments stakeholders to reach merchants—but also complicates their relationship. We examine why digital commerce platforms are on the rise and what that means for payments firms including processors, gateways, and value-added service providers. .

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August 28, 2021 Adyen's strong H1 stems from evolving consumer habits and merchants going digital Netherlands-based acquirer and payment gateway Adyen reported $246 billion (EUR216 billion) in processed volume in H1, up 67% year over year (YoY), per its shareholder letter. Adyen's processed volume growth in H1 outpaced the same period last year, when it increased 23% YoY, indicating that the pandemic-driven shift to digital payments has endured. New partnerships and further global expansion should help Adyen carry growth into the second half of the year. Insider Intelligence's Adriana Nunez has the full story. BRIEFING HIGHLIGHTS John Lewis pins hopes on robo-advisor to mitigate brick-and-mortar losses The UK department store giant partnered with JPMorgan-owned robo-advisor Nutmeg to launch investing services. 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Read More → Digital account opening: Two takes on its future in the "next normal" We gathered perspectives from executives at incumbent banks and cutting-edge vendors who are helping to shape the key digital account opening (DAO) trends. Read More → RESEARCH IN FOCUS Payments and Digital Commerce Platforms Digital commerce platforms help merchants of all sizes sell online, making them an increasingly big factor in ecommerce payments. This creates new opportunities for processors, gateways, and other payments stakeholders to reach merchants—but also complicates their relationship. We examine why digital commerce platforms are on the rise and what that means for payments firms including processors, gateways, and value-added service providers. Get the full report → UK Consumers Across Income Brackets The pandemic increased digital engagement while putting household finances under pressure across all income brackets. However, affluents saw a particular digital bump, while their cash concerns weren't quite as pronounced. This report assesses the digital habits of people in different income brackets in the UK. It also examines how the pandemic affected their financial health and how spending patterns changed as a result. Get the full report → The Co-Brand Credit Card Report Co-brand card issuers and brand partners have an opportunity to reimagine their offerings in the pandemic's wake. Leaning on newfound digitization and shifting spending habits can help providers tailor their offerings in ways that widen their net, grow volume, and appeal to the maximum number of customers. Insider Intelligence zooms in on the state of co-brand credit cards and sketches the industry's post-pandemic future. Get the full report → BECOME A SUBSCRIBER Did you know the Daily is just a preview of everything Insider Intelligence has to offer? 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