Everything Ingo Uytdehaage said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Uytdehaage: Only Adyen and Stripe globally invest in fintech infrastructure
“Because I think we are the only two companies globally that are investing in technology, in financial technology.”
Uytdehaage: SWIFT alternatives, including stablecoins, will likely emerge longer term
“I think there is a likelihood there will be alternatives. Yeah. And also I think to your example on stable coins, like that could be an alternative longer term. Also if there are issues with Swift.”
Uytdehaage: Most Adyen volume comes from displacing legacy banks
“But if you see where we win most of our business, it's with the traditional businesses. So indeed, the incumbents, the banks, that's where volume comes from.”
Uytdehaage: Incumbent banks have not invested in payment technology for ages
“I think if you look at this industry banks, incumbents haven't invested for ages.”
Uytdehaage: Adyen has a US banking license and direct Fed access
“So in the US we have our own access to the FED. We have a license, a banking license in the US. So we don't need commercial banks to be successful.”
Uytdehaage predicts public and private fintech valuation gaps will rationalize
“I think so. Ultimately, if we're both public you're going to compare the same numbers and it's a combination of growth rate and profitability.”
Uytdehaage: Well-developed domestic markets do not have a high need for stablecoins
“And then of course, I don't think that there is a high need for stable coins in well-developed markets.”
Adyen will not launch its own stablecoin but considers partnering with stablecoins
“No, I think we would consider working with stable coins.”
The US accounts for over one-third of Adyen's total revenue
“Already one third of our total revenues at the US.”
Uytdehaage: US tech market is far more competitive than Europe
“Honestly, the technology market, of course, in the US is way more competitive than Europe.”
Uytdehaage says Adyen does not need a US stock listing
“If I would list in the U.S., like, if there would be no liquidity in Europe, I would list in the U.S., but there is sufficient liquidity in Europe, so you need to have certain size, but we have the size. There is liquidity, liquidity, so it's not needed.”
Uytdehaage: The future of stablecoins lies in cross-border transactions
“If it's about indeed cross border type of transactions, we still work with relatively old systems like Swift with all their challenges. They try to innovate. Like that's the area where I would see there is a future for stable coins.”
Uytdehaage: Adyen secured Indian licenses and local data center infrastructure
“We have local data centers now in India. We got all the licenses and we're one of the few international companies, maybe the only one right now that can offer this to international companies that want to go domestic or international companies that want to go c…”
Adyen's AI U.S. debit routing yields 20%+ cost savings for merchants
“We just also launched a new way of U.S. Debit routing in the U.S. Where AI helps us to make the best trade-off for merchants to lower the cost, so you get a 20% plus lower cost if you route that well, and at the same time higher authorization rates.”
Uytdehaage: Chinese domestic market is super difficult for payment providers
“I think the Chinese domestic market is a super difficult market to be active.”
Uytdehaage: Adyen's China strategy focuses on merchants expanding to US
“We have a huge team in China selling basically to Chinese merchants that want to go here in the US.”
Uytdehaage: Adyen has over one billion unique shoppers on its platform
“The data set that we sit on, like we have, I think, over a billion unique shoppers in our platform, so it's a billion humans.”
Uytdehaage says 60% to 65% of Adyen investors were US-based at IPO
“We have a fully, the US almost like 60, 65% at the listing US investor base.”