(Bloomberg) — Adyen NV said it poached new merchants from embattled German payments firm Wirecard AG, as the Dutch company reported a 27% rise in revenue for the first half of the year.The scandal that plagued competitor Wirecard proved to be a boost in Adyen’s favor. Retail merchants looked for payment processing alternatives following the German company’s spectacular collapse in June, when Wirecard filed for insolvency after admitting that almost 2 billion euros ($2.37 billion) previously reported as cash didn’t exist.“We certainly got some inbound from merchants that wanted to work with us,” Adyen Chief Financial Officer Ingo Uytdehaage said …read more
Source:: Yahoo Finance
