Adyen Posts Strong Growth in 2012
Jan. 24, 2013
Adyen, a Dutch acquirer and processor, said the total volume of transactions processed last year surpassed $10 billion, a 35 percent increase over 2011. Mobile growth led the way for the Amsterdam-based company, with transactions on mobile devices—primarily online transactions on tablets, according to President of Adyen North America Peter Caparso—surging more than 300 percent. Mobile transactions accounted for 10.5 percent of Adyen’s overall traffic.
Also, the company is in the midst of an international expansion that saw the number of clients in North America increase by more than 70 percent. This summer, the company added an office in San Francisco to its North American base in the Boston area in addition to several new customers including JustFab, Motley Fool and Kachingle. Several other major additions to its client list are on the way early this year, Caparso told CardNotPresent.com. And, he expects to increase his North American workforce by a third by the end of 2013.
“Adyen’s North American business has prospered because we give U.S. merchants the payments solutions, customer support and market intelligence they need to rapidly and successfully expand their operations overseas, or to take full advantage of emerging sales channels such as mobile,” Caparso said.
In Europe, Adyen also broke new ground, launching Shuttle in December, an EMV-compliant mobile POS solution. In 2013, Adyen expects to expand Shuttle to other EMV countries.