Adyen (AMS: ADYEN), the global financial technology platform of “choice” for large businesses, is pleased to announce “the launch of its first in-house designed terminals.”
Innovated to facilitate diverse payment use cases, the terminal range “marks the latest step forward in Adyen’s growing unified commerce offering.”
Running on the company’s single platform, the new devices “remain inherently flexible, in order to address a rapidly advancing payment landscape and ever-evolving customer needs.”
Kamran Zaki, COO at Adyen, said:
“Adyen’s commitment is to help businesses realize their ambitions faster, and creating our own terminals is the latest way we’re delivering on this promise. We always innovate based on customer feedback to deliver superior experiences with speed and flexibility. With our in-person payments offering, businesses have a full suite of terminals to choose from, enabling them to pick the best one to meet their specific needs.”
Adyen remains focused “on driving innovation in unified commerce, ranging from enterprises to SMBs via platforms.”
The devices realize customer wishes “to be mobile, discrete, reliable, affordable, with long-lasting battery, and accepting payments spanning a tap, dip, or swipe.”
The company thoughtfully “considered the model’s design details, ensuring the sound, look and feel all speak to Adyen’s standard of excellence across payment experiences.” The devices run on Adyen’s single platform, which “enables end-to-end control, tailored payment flows, and high speed of innovation at the point-of-sale.”
Derk Busser, VP of Product, In-Person Payments, remarked:
“By taking ownership of the terminal design, Adyen is assuring we put customer needs at the heart of their functionality. Our goal is to continuously reduce friction within the consumer journey. By designing highly mobile devices, we’re empowering businesses to collect payments not only when behind a checkout counter – but anywhere. The breadth of use cases this mobility provides signifies an exciting development in advanced, in-person purchases.”
The first terminal in the suite is the NYC1, “the most affordable and flexible device within the in-person payment range.”
The device enables businesses “to offer a fully customized payment flow in their own point of sale app.” It’s ideal for businesses that have already “invested in hardware like phones or tablets and want to add payments to their set-up.”
A key use case is platforms who “want to offer a simple and affordable payment device to their small business customers.” There is also strong usability “among enterprises who see mobility as a way to deliver more seamless in-person experiences – from mitigating long lines at checkout to freeing up sales associates to provide more personalized service.”
The NYC1 terminal is “available now in North America, with coverage extending to other regions soon.”
The second is the AMS1, “an all-in-one terminal with an Android operating system that businesses can use to accept payments as well as run their own business applications.”
By consolidating applications, store employees can “perform tasks such as accessing their cash register, managing inventory, and accepting payments all on a single device.” It simplifies day-to-day operations while also “providing the same benefits as the NYC1.”
The AMS1 is “ideal for enterprise and platform businesses that want to be able to access all operational apps via one device.” The terminal “will be globally available later this year, starting with Europe and North America.”
With the NYC1 and AMS1 terminal range now in Adyen’s in-person payments repertoire, the company looks forward “to identifying forward-thinking ways to advance consumer journeys.”
In another update, it was noted that Adyen presents its results (on August 18, 2022), “displaying sustained profitable growth and the continuously increasing scale at which it operates.”
Summary H1 2022
- Processed volume was €345.8 billion, up 60% year-on-year. Of these volumes, point-of-sale volumes were €44.9 billion, up 97% year-on-year.
- Net revenue was €608.5 million, growing 37% year-on-year
- EBITDA of €356.3 million, up 31% year-on-year, with EBITDA margin at 59%
- Free cash flow conversion ratio was 87%, with CapEx at 6.6% of net revenue