Payments
Dutch Payments Firm Adyen Posts 22% Revenue Growth in Q1 2025 as Platforms Segment Surges 63%
Adyen reported Q1 2025 net revenue of €534.7 million, up 22% year-on-year, with its platforms segment growing 63%, though results fell slightly short of consensus forecasts.
PayPal Reports Venmo Revenue Up 20% in Q1 2025
Venmo revenue rose 20% year-on-year in Q1 2025, outpacing total payment volume growth.
Stripe Processes $1.4 Trillion in Total Payment Volume in 2024, Up 38% Year-on-Year
Stripe processed $1.4 trillion in total payment volume in 2024, up 38% year-on-year, equivalent to roughly 1.3% of global GDP, with half the Fortune 100 using the platform.
Adyen Netherlands Reports FY2024 Net Revenue of €2.0 Billion and €1.2 Trillion in Processed Volume
Adyen posted full-year 2024 net revenue of €2.0 billion, up 23%, with EBITDA of €992 million and total processed volume surpassing €1.2 trillion for the first time.
PayPal Reports FY2024 Revenue of $31.8 Billion and Authorises New $15 Billion Buyback
PayPal posted full-year 2024 net revenues of $31.8 billion, up 7%, with total payment volume of $1.68 trillion and a new $15 billion share repurchase authorisation.
Flutterwave 2024 Year in Review Highlights 31 New US Money Transfer Licences
Flutterwave's 2024 end-of-year report shows 48% of businesses receiving payments from new geographies and 31 additional US money transfer licences secured; separately, the company partnered American Express in August 2024.
Checkout.com Reports 40% Net Revenue Growth in 2024 Annual Letter
Checkout.com posted 40% overall net revenue growth in 2024, with its Commerce and Fintech segment rising 45% and the firm exited the year profitably.
Egypt's Paymob Secures UAE Retail Payment Services Licence from Central Bank
Egyptian fintech Paymob has obtained a Retail Payment Services licence from the Central Bank of the UAE. It serves 390,000+ merchants across five markets.
Kakao Pay and PayPay Launch Cross-Border QR Payment Interoperability for Korean Users in Japan
Kakao Pay and Japan's PayPay have launched cross-border QR payment services allowing Kakao Pay users to pay at around 3.2 million PayPay merchants across Japan.
Safaricom Extends M-PESA Global to Ethiopia, Connecting East Africa's Two Largest Markets
Safaricom has extended M-PESA Global to Ethiopia in October 2024, enabling cross-border mobile money transfers between Kenya and Ethiopia via the M-PESA International Remittance service.
CBDC: Central Banks and the Future of Payment Infrastructure — TGB Intelligence Report Q2 2024
Nearly all central banks surveyed by the BIS were working on a CBDC at the end of 2023, yet only four retail CBDCs are live, and central banks now see a wholesale CBDC as more likely than a retail one within the next six years.
Ant Group Plans Alipay+ Global Expansion Targeting Europe, Latin America and Middle East
Ant Group confirmed plans to expand Alipay+ cross-border payments into Europe, Latin America, and the Middle East, building on existing investments in Singapore's 2C2P and South Korea's Kakao Pay.