Adyen vs dLocal

Adyen Upgrades Authenticate with AI Payment Optimization

Adyen has significantly expanded its authentication offering, Authenticate, as part of its Uplift optimization suite. The module now uses machine learning to route each transaction in real-time to the most appropriate authentication technology, replacing static 3DS rules. It integrates 3DS, Google Secure Payment Authentication, Mastercard and Visa Payment Passkeys, and pure data flows. The system dynamically decides whether authentication is needed, which method to use, and which data to send to card issuers, optimizing over 150 data fields for 3DS. It also works with Adyen's fraud management module Protect to recognize trusted buyers and minimize friction. Early customers report conversion gains: Too Good To Go saw an 11% relative increase in payment conversion, and Just Eat Takeaway.com reported a 12% higher conversion rate among qualifying visitors. Authenticate is now available worldwide for 3DS and issuer request optimization; newer methods like Google SPA and passkeys are being rolled out gradually, with live transactions already occurring in the UK and broader international rollout planned by 2027.

• Adyen upgrades Authenticate with AI-based routing and optimization.
• The platform integrates 3DS, Google SPA, Mastercard and Visa Payment Passkeys.
• Too Good To Go reports an 11% relative increase in payment conversion.

German Consumers Want AI Shopping Control

A follow-up study by Riverty and Adyen reveals that 49% of German consumers expect AI to handle a large portion of their everyday shopping within the next five years. While 67% understand the concept of AI shopping agents, sentiment is divided, with about a quarter positive and a quarter negative. Control remains key: 21% cite personal control as the main trust factor, 19% fraud protection, 14% data privacy, and 19% would never trust AI for purchases. 48% prefer AI as a shopping co-pilot for product search and recommendations, while only 16% accept fully autonomous purchases. Food and household goods (33%) are the most trusted categories, followed by subscriptions (25%) and ticketing (24%). 51% prefer invoice payment, and willingness to entrust higher budgets has decreased. Human support remains crucial for 56% of consumers.

• 49% of Germans expect AI to handle a large portion of everyday shopping within five years.
• 67% understand the principle of AI shopping agents.
• 21% cite personal control as the most important trust factor for AI shopping.

Adyen H1 2026: Net Revenue Rises Nearly 20%

Adyen reported strong first-half 2026 results: net revenue rose 19% year‑on‑year to €1.303 billion and processed payment volume increased 24% to €803.8 billion. EBITDA was €641.5 million (49% margin) and free‑cashflow conversion reached 86%. After H1 the company completed acquisitions of Talon.One and Orb and introduced new offerings including Adyen Agentic and Intelligent Money Movement to address AI-driven commerce and liquidity management. Adyen added several large international customers (Aritzia, OpenAI, Xiaomi) and GOV.UK Pay in the public sector, expanded the Toast partnership, obtained a UAE retail payments licence, and joined the x402 Foundation. For full-year 2026 Adyen expects 21–23% net revenue growth (constant FX) and plans higher 2026 capex (~7% of net revenue).

• Adyen reported net revenue of €1.303 billion in H1 2026, a 19% increase year‑on‑year (21% at constant FX).
• Payment volume processed via Adyen's platform rose 24% to €803.8 billion in H1 2026.
• EBITDA for H1 2026 was €641.5 million, corresponding to a 49% margin (50% excluding one‑off transaction costs).

6-K Financial Filing Analysis for dLocal (2026-08-13)

On August 13, 2026, dLocal Limited submitted a Form 6-K filing with the SEC announcing the release of its financial results for the second quarter and six-month period ended June 30, 2026. The submission furnishes key investor materials, including the Q2 2026 earnings press release, unaudited consolidated condensed interim financial statements for Q2 2026 and Q2 2025, the Q2 2026 quarterly report, and the earnings presentation deck. Signed by Chief Financial Officer Guillermo López Pérez, the filing serves as the regulatory vehicle providing market transparency into dLocal's quarterly operational performance and financial position across its emerging market payment corridors.

• Furnished unaudited consolidated interim financial statements for the three- and six-month periods ended June 30, 2026 and June 30, 2025.
• Included the Q2 2026 earnings press release (Exhibit 99.1), quarterly report (Exhibit 99.3), and investor presentation (Exhibit 99.4).
• Executed and submitted by Chief Financial Officer Guillermo López Pérez on August 13, 2026.

New dLocal Report Finds 71% of Emerging-Market Shoppers Unlikely to Purchase without Local Payment Options

dLocal published a new report revealing that 71% of emerging-market shoppers are unlikely to purchase without local payment options. Additionally, the Bank of Ghana granted dLocal an EPSP license to expand secure digital payments.

Investor Presentation Released: dLocal

AI parsed presentation narrative: dLocal maintains a zero-tolerance approach to modern slavery and human trafficking across its global operations. The Group leverages an enhanced risk-based third-party due diligence procedure to identify and mitigate human rights risks within its technology-driven value chain and emerging market footprint. Key tailwinds mentioned: Enhanced Governance Framework, Regulatory Compliance.