Adyen issues 34% hike in the first revenue as the pandemic spikes online payments


The financial technology form Adyen sees a hike of 34% in the first quarter, which is estimated to be around 135.5 million Euros.  CFO Ingo Uytdehaage said the company has seen a “huge pickup” in online retail volume.

Apart from this, the shares of the firm rose 9% this week, making it the best individual stock performer of the pan-European Stoxx 600 index. “E-commerce is growing very quickly, way faster than we ever expected,” Uytdehaage told CNBC in an interview. “This might be a fundamental change in how shoppers buy.”