Today In Payments Around The World: Adyen Posts Q4 Win; Target Global Unveils Co-Founding Of Branded

In today’s top payments news around the world, Dutch digital payment firm Adyen experienced a large fourth quarter win, while German venture capital firm Target Global said it has helped start the Branded consumer products company. Plus, Japanese Finance Minister Taro Aso has conveyed an interest in discussing central bank digital currencies (CBDCs) at an upcoming meeting of world leaders.

Adyen Pushes Unified Commerce Experience After Q4 Win

Adyen experienced a big Q4 win, with revenue and earnings that exceeded the pre-release estimates of analysts. The Dutch digital payment company’s full-year 2020 earnings arrived at 402.5 million euros (approximately $488 million), up from 27 percent a year prior, and exceeded the 386 million euros ($468 million) analysts predicted in a Refinitiv poll. “We remain focused on learning and adapting in this ever-changing environment and helping our merchants to do the same,” Adyen CEO Pieter van der Does said on a call with investors.

Target Global Launches New Firm Targeting Fulfillment By Amazon Businesses

Target Global, the German venture capital firm, said it has helped start Branded, a consumer products company geared toward buying and growing Fulfillment by Amazon (FBA) companies. Branded’s chairman is Target Global Partner Ben Kaminski. The firm said it already attained $150 million in gross revenue and is now among the leading 0.01 percent of sellers on the Amazon platform. Amazon sales have been on fire in recent months, powered in part by jumping consumer demand for eCommerce because of the continuing pandemic.

Japan’s Aso Says G7 Should Talk Digital Currencies

Japanese Finance Minister Taro Aso has revealed an interest in talking about CBDCs at a digital Group of Seven (G7) scheduled for Friday (Feb. 12). The official said at a press conference before upcoming discussions by G7 finance ministers and central bankers that he believes it is “important for us to thrash out [policy measures regarding] digital currency issued by central banks,” according to a published report. The digital meeting scheduled for Friday will be the first held by G7 officials this calendar year.

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