The API-powered BaaS platform Marketa for Banking offers seven products and is available in 40 countries.

Adyen will let its US merchants offer the payment method, which can help Block drive adoption as P2P growth slows.

Adyen helped Oracle launch a new point-of-sale system that lets restaurants accept and better manage contactless payments.

By 2026, nearly 30% of US consumers’ average retail spending (excluding food and beverage sales and ticketing) will be made using proximity mobile payments, as providers look to build on the pandemic-driven adoption of the technology.

Increasing digitization among the 32 million US small businesses is changing the competitive landscape and forcing banks, acquirers, and fintechs to invest in next-generation features. These features range from payments and value-added services to outreach.

The firm’s processed volume surged 72% YoY thanks to growing ecommerce, a rise in business outside of its home market, and loyal customers.

Payments Ecosystem: Acquirers and processors, networks, and issuers each play distinct roles in the payments purchasing chain. But those roles are shifting amid commoditization, new competitive dynamics, and technological innovation.

Payments Ecosystem: Diminishing analog payment use—as well as the battle for share between entrenched electronic payment methods and emerging challengers—will intensify the battle for customer spending this year.

Payments Ecosystem: POS hardware, POS software, and gateway providers are working to become one-stop shops for merchants. Offering simple, robust access to front- and back-end solutions across industries lets them better serve merchants demanding integrated solutions.

The offering gives small merchants an affordable digital payments tool and could complement existing POS tech for large businesses.

Affirm plans to launch a crypto trading feature, and Zip will support some of Adyen’s merchant partners.

Adyen’s business flourished in H1, thanks to increased processing volume from new and existing partners and its expansion into new markets.

Digital commerce platforms help merchants of all sizes sell online, making them an increasingly big factor in ecommerce payments. This creates new opportunities for processors, gateways, and other payments stakeholders to reach merchants—but also complicates their relationship.