PriyaPatel
TLDR:
- Adyen received the highest possible score in six criteria in a new merchant payment provider report by an independent research firm.
- Adyen is the only company in the report to receive the highest score in the vision criterion.
In a recent report by The Forrester Wave™ Merchant Payment Providers, Q1 2024, Adyen, a global fintech platform, received the highest possible score in six different criteria. These criteria include vision, innovation, payment performance optimization, omnichannel payments, POS terminals, devices, and partnerships, as well as payment data enrichment. Adyen stands out as the sole company in the report to achieve the highest score in the vision criterion. The report highlighted Adyen’s strength in payment performance and omnichannel capabilities, noting that the company is often ahead of the curve with new features. With a single platform and API approach, Adyen excels in performing various payment activities across different geographies and channels.
According to the report, Adyen is an excellent choice for merchants interested in consolidating services with one partner for their omnichannel customer journeys. A reference customer in the report even likened switching to Adyen from a legacy player as equivalent to upgrading from a Nokia to an iPhone in terms of product perspective. Adyen’s Chief Commercial Officer, Roelant Prins, expressed pride in the company’s recognition by Forrester, stating that it reflects their ongoing global leadership in financial technology. Adyen’s dedication to customer-driven innovation and its unified platform cater to the needs of large international businesses, offering capabilities that help them stay competitive.
Adyen leverages cutting-edge technology, including machine learning and data insights, to empower merchants and enhance their operations. Their streamlined solutions lead to improved authorization rates, enhanced payment acceptance, and drive business growth. To delve deeper into Adyen’s capabilities as a merchant payment provider, interested parties can download the full report.
