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Adyen will continue to focus on organic growth as it launches the maps product

FILE PHOTO: Adyen’s logo is seen at the front desk of the main office in Amsterdam, the Netherlands, August 24, 2018. REUTERS/Eve, ringed plover

BARCELONA (Reuters) – the Dutch fintech Adyen’s focus on organic growth as it launches a virtual and a physical card-issuing company, in addition to the payments, though, traders, Chief Financial Officer Ingo Uytdehaage said on Thursday.

Adyen’s payment platform, which is focused on card acceptance, processing and settlement of payments online, has proved to be one of our favorite technical clients, including Facebook, Uber, and Spotify. The share of the trade, which is almost three times as high as they drove out in June of 2018.

Uytdehaage said that the card issuing business was to be an answer to a question posed by the merchant’s customer base. Adyen did not see it as a consumer product in its own right.

“We don’t want to build a consumer proposition – it is not our mission. We are helping our merchants grow,” he told the Morgan Stanley European Technology, Media and Telecoms Conference in Barcelona, spain.

It Is possible to make use of the Adyen cards online, smart phone apps or in-stores, while they can also be integrated into the mobile wallet. Target group of the online travel industry and market.

Sooner or Adyen wanted to be on organic growth or through acquisitions, Uytdehaage said the administration was more interested in investing in the technology, platform, and hire the best talent.

The only situation in which the Adyen would be to acquire another company, it would be as if the implementation of the project.

“With the acquisition of a platform, and then the migration is complete, it is as inefficient as that is, I don’t see it. It is usually centered around the acquisition of talent,” he said.

Reporting by Douglas Busvine; Editing by Elaine Hardcastle

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