Adyen​ plans India expansion

Adyen has steadily expanded its India presence since receiving payment aggregator ​and cross border licences in 2024

Dutch payments processor Adyen ​plans to expand its India operations and hire more employees as it bets ‌on the country’s fast-growing digital payments market and rising cross-border commerce activity, a top executive told Reuters.

The Amsterdam-listed company, one of the world’s largest fintech firms providing payments services and financial solutions, sees India as a long-term ​growth market both due to multinational clients entering the country and Indian businesses expanding overseas, ​its Asia-Pacific President Gary Yang said in an interview on Tuesday.

We’re continuing to ⁠hire and grow because we see significant opportunity in the market, he said without sharing India-specific ​growth or hiring targets.

International payments firms including Stripe and PayPal have struggled to establish themselves in ​India. Stripe scaled down its India operations in 2024 citing regulatory challenges, while PayPal exited domestic India payments in 2021 and now focuses on cross-border transactions.

Adyen on the other hand has steadily expanded its India presence since receiving payment aggregator ​and cross border licences in 2024. Its employee count in India has risen tenfold since 2023 to 120 in the ​first half of this year.

The company’s pre-tax income from India more than doubled to 3.18 million euros ($3.5 million) in ‌2025 ⁠from 1.45 million euros a year earlier, annual reports showed. Adyen’s international operations generated net income of 1.06 billion euros ($1.23 billion) in 2025.

The payments processor, which counts technology companies such as Uber and Microsoft, among its major clients, is working with firms including software company Adobe that are seeking to expand their Indian payments suite. Adyen is also helping ​Indian clients such as travel ​platform Oyo expand abroad, ⁠Yang said.

The Dutch firm has been adapting its platform for India’s unique regulatory and payments landscape to meet data localisation requirements as well as provide recurring payment mandates and ​Unified Payments Interface (UPI) services, according to Yang.

There is no succeeding in India without ​UPI, he said.