Holland based payment processing startup Ayden has seen an 80% growth in payment volumes from 2015 to 2016 totaling at $90 billion. Ayden handles cross-border payments for large companies such as Uber, Spotify and Airbnb.
It accepts payments from hundreds of national and regional payment systems. Chief Commercial Officer Roelant Prins said he expects growth this year to be driven by its new in-store payment systems as well as by clients preparing for major changes in European payment regulations expected in early 2018. Adyen's expansion beyond online payment processing to in-store payment systems contributed around 5 to 10 percent of 2016 transaction volumes, Prins told Reuters in an interview, referring to the company's preliminary results. "We expect to grow quite significantly. Over the next few years it will move to 50 percent of our business," he said. More than 1,400 stores in Europe and the United States now use its point-of-sale systems, with clients including fashion retailers Burberry and Tory Burch and cosmetics brand L'Oreal.