Slush

Pieter van der Does × Jason Karaian

Adyen’s largest opportunity remains taking share from incumbents: newer players hold a single-digit share, and van der Does says 90% will migrate to more modern companies.Its platform strategy extends reach to smaller merchants, while 20 years of discipline keeps the product focused on needs that scale.AI analyzes transactions through Dynamic Identification, while agentic commerce still hinges on shopper identity and spending authority; Adyen says defining that authority “won't be us.”