Fintech
Global Fintech Adyen recognized as a leader in the IDC market for global retail online payment platform software providers and global retail omnichannel payment platform software providers USA – English India – English
The reports conclude that “enterprise merchants looking for an all-in-one scalable omnichannel solution for all their payment needs should consider Adyen”
SAN FRANCISCO, June 20, 2024 /PRNewswire/ — Adyenthe global financial technology platform favored by leading companies, was recognized today as a leader in IDC’s MarketScape: Worldwide Retail Online Payment Platform Software Providers 2024 Vendor Assessment[1] and IDC MarketScape: Global Retail Omnichannel Payment Platform Software Vendor Rating 2024[2]. Adyen was recognized for the following strengths: complete solution, innovation and merchant focus.
“The merchant data services landscape is more competitive than ever, and service providers today have much more to do than they did just a few years ago,” said Aaron Press, research director, Worldwide Payment Strategies at IDC, a of the three authors of the IDC MarketScape. “Adyen’s position as a Leader reflects its recognition of the market’s challenges and the work it does to meet the needs of merchants.”
Omnichannel payment platform software providers IDC MarketScape for Retail detailed many of Adyen’s strengths:
- Complete solution: “Adyen is a single, integrated platform that does it all, accepting, processing and settling payments from all channels (online, mobile, in-person) while supporting a wide range of local and alternative payment types across 100 countries offering benefits including simplifying payment complexity, reducing latency, facilitating scalability and improving payment experiences with access to integrated customer data. The API-enabled platform enables seamless integrations and benefits from a strong ecosystem of technological partners.
- Innovation: “Adyen is sharply focused on innovating to improve outcomes for merchants, such as faster and more accurate fraud detection and authentication with AI/ML and advanced biometrics, and enabling new payment types like Tap- to-Pay for Android and iPhone.”
- Focus on traders:”Adyen prioritizes gathering customer feedback and evolving needs when deciding on new features/enhancements for its product roadmap. As evidence of Adyen’s strong focus on customer needs, existing customers accounted for a significant portion of Adyen’s growth in 2023.”
“We believe Adyen’s recognition as a Leader by IDC MarketScape recognizes our innovation in the payments industry, as we continue to support our merchants in their mission to achieve ambitious growth,” said Roelant Prins, CCO of Adyen. “Since our inception, Adyen has been focused on providing a complete solution for modern-era merchants seeking a complete, unified financial technology platform. We remain committed to this mission and look forward to continuing to innovate and transform payments for our customers. vast network of customers, including Prada, Dick’s Sporting Goods and Uber.”
The IDC MarketScape supplier assessment is designed to provide an overview of the competitive suitability of suppliers in a given market. IDC uses a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical representation of each supplier’s position within a given market. These studies discuss which criteria are most important for businesses to consider when selecting payment providers, as well as the strengths, weaknesses, and differentiators among the covered providers.
Download a free excerpt from IDC MarketScape: Worldwide Retail Omni-Channel Payment Platform Software Providers 2024 Vendor Assessment Here to learn more about Adyen’s financial technology platform.
About Adyen
Adyen (AMS: ADYEN) is the financial technology platform of choice for leading companies. By providing end-to-end payments capabilities, data-driven insights and financial products in a single global solution, Adyen helps businesses realize their ambitions faster. With offices around the world, Adyen works with companies such as Meta, Uber, H&M and eBay.
About IDC MarketScape
The IDC MarketScape supplier rating model is designed to provide an overview of the competitive suitability of ICT (information and communications technology) suppliers in a given market. The research methodology uses a rigorous scoring methodology based on both qualitative and quantitative criteria resulting in a single graphical illustration of each supplier’s position within a given market. IDC MarketScape provides a clear framework in which you can meaningfully compare the product and service offerings, capabilities and strategies, as well as current and future market success factors of IT and telecommunications providers. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and potential suppliers.
[1] IDC MarketScape: Global Retail Online Payment Platform Software Vendors 2024, Doc No. US49436923, June 2024.
[2] IDC MarketScape: Worldwide Retail Omni-channel Payment Platform Software Providers 2024 Assessment, doc n. US51168024, June 2024.
SOURCE Adyen