Adyen vs Ant International

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).

Ant International Launches Industry's First Full-Stack AI-Native Solutions for Payment, Account, FX, Treasury and Growth Operations for Global Businesses

In an industry first, Ant International launched a full stack of AI-native solutions for payment, account, FX, treasury and growth operations for global businesses.

Visa, Mastercard, Ant International announce Know Your Agent framework for AI commerce

Visa, Mastercard and Ant International (Alipay) have announced a joint 'Know Your Agent' (KYA) framework to standardize the identification and verification of AI agents in agentic commerce. The framework aims to make AI agents identifiable and verifiable across different card, wallet and platform networks, enabling merchants and customers to assess payment plausibility. The three companies will contribute their existing protocols: Visa Trusted Agent Protocol, Mastercard's Verifiable Intent and Ant International's Agentic Mobile Protocol. The collaboration focuses on three areas: linking agents to verified operators or users, defining joint security and behavioral requirements, and continuous monitoring of agents based on identity and transaction data. No concrete standard or launch date has been announced yet.

• Visa, Mastercard and Ant International announced a joint 'Know Your Agent' (KYA) framework.
• The framework aims to make AI agents identifiable and verifiable across card, wallet and platform networks.
• Visa's Trusted Agent Protocol, Mastercard's Verifiable Intent, and Ant's Agentic Mobile Protocol are part of the initiative.

TerraPay Connects Xend Network to Alipay+ for Global QR Payments

TerraPay and Alipay+ have announced a strategic partnership to enable cross-border QR payments for digital wallets, significantly enhancing global payments interoperability. In the initial phase, 15 digital wallets across Africa connected to TerraPay's Xend network will be able to pay at over 150 million merchants within Alipay+'s global ecosystem. This partnership expands TerraPay's cross-border payment capabilities from account-to-account to global in-store acceptance. The collaboration aims to allow wallet users to scan a QR code and pay using their trusted home wallet while traveling abroad, eliminating the need for cash or foreign exchange. Alipay+ connects over 50 international payment partners to more than 150 million merchants across 220 destination markets. The partnership underscores a commitment to a more connected and inclusive global commerce ecosystem.

• TerraPay and Alipay+ announced a strategic partnership for cross-border QR payments.
• 15 digital wallets across Africa connected to Xend will be able to pay at Alipay+'s 150 million+ merchants.
• The partnership expands TerraPay's cross-border payment capabilities to global in-store acceptance.