APAC is one of the most fragmented regions globally when it comes to market maturity and payment method mix.
H2 2021 Financials
Processed volume was €300 billion, up 72% year-on-year
Net revenue was €556.5 million, up 47% year-on-year
EBITDA of €357.3 million, up 51% year-on-year
EBITDA margin was 64%
Full Year 2021 Figures
Processed volume was €516 billion: up 70% year-on-year
Net revenue was €1.0 billion: up 46% year-on-year
EBITDA of €630 million: up 57% year-on-year
EBITDA margin was 63% for the full year
Global Growth
The results continue to be bolstered by the rise of online commerce globally, and an increasing need for merchants to install unified commerce shopper journeys. These are further supported by the progressive disappearance of cash, and the democratization of access to global economies through digital tools and payment methods.
They’ve invested in their recruitment infrastructure and in two new tech hubs to ramp up hiring during 2022 – one in Chicago and one in Madrid. Adyen also grew the team to 2,180 FTE with a continued focus on scaling culture.
The area in which they’ve arguably evolved the most as a business is in platforms. These platforms operate across a wide range of verticals and offer turnkey solutions to smaller businesses. As they can offer the leading white label payments solution to these platforms, they’re able to help businesses of all sizes grow. There is more room to grow here, as these platforms are constantly looking to deepen their relationships with the sellers on their platforms.
They continue to work with their merchants in our product development. An example is the launch of their handheld range of all-in-one Android POS devices, allowing merchants to quickly launch in-store payments without the needs for separate cash registers or similar heavy machinery. They also launched Score, which employs network analysis and machine learning to work continuously to spot multi-sided fraud.
APAC Growth
APAC is one of the most fragmented regions globally when it comes to market maturity and payment method mix, but we are now seeing signs of convergence through digitalization. On the payment method front, they’ve seen an acceleration in the rise of non-card options. In an environment where online commerce spiked, these payment methods proved to be a very good option in getting first-time online buyers and the underbanked online quickly. They’re also seeing a permanent transformation in the retail landscape, which Adyen is well positioned to support.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
