Payments Proves to be a Bright Spot in Fintech

While most global stock markets have fallen by 10 percent or more the publicly traded payments companies have all see big growth in their share prices; Adyen is up 36 percent, PayPal is up 33 percent and Square is up 26 percent; overall payments volume has fallen but most payments are now being made through online platforms; “The need for contactless payments has never been bigger than right now,” says Ingo Uytdehaage, Adyen’s CFO, to the FT. “That could have a very high impact for countries like Germany where more than 50 per cent of in-store payments were still paid by cash [before Covid] — I think that will completely change in a few months’ time, and absolutely that’s a positive trend for us.”; the sector has been dependent on the markets that companies serve, travel heavy companies for example have felt the hit in a big way and have not found enough offsets; digital payments has been one of the bright spots and could be on the receiving end of a long term shift in how people pay for items. Financial Times

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.