Adyen NV (OTCMKTS: ADYYF) Beast Analyst’s 1H 2021 Estimates with Net Revenue Of €445 million

Operation Vala Zonke launched in Northern Cape

The Premier of the Northern Cape, Dr Zamani Saul, together with the MECs for Roads and Public Works, Ms Fufe Makatong, and Transport, Safety and Liasion, Ms Nomandla Bloem, joined by a team from SANRAL led by the Regional Manager, Mr Randal Cable, today launched the roll out of the provincial leg of Operation Vala Zonke. This is a national campaign aimed at repairing potholes.

Response to a Social Media post of a patient living with a disability waiting for a file

South Africa: Limpopo department of health has noted the story circulating on social media of a patient living with disabilities waiting for a file at Siloam Hospital.

Dominica continuously making new investments in education sector

Roseau, Dominica: The government of Dominica is making a new investment in the education sector without taking any break. The goal of the Caribbean country is to prepare youngsters for the future and utilize the new, modern technologies in order to advance the sector.

Official opening of Eastern Cape Arts Exhibition

South Africa: The Eastern Cape Arts Exhibition opened today at the Nelson Mandela Metropolitan Art Museum in St. George's Park.

Dutch company Adyen NV (OTCMKTS: ADYYF) has announced that it toped the market projection with a 65% jump in core profit in the first half of 2021 because of strong growth and higher volumes in North America. Adyen helps tech giants Facebook Inc. (NASDAQ: FB), Netflix Inc. (NASDAQ: NFLX), and Uber Technologies Inc. (NYSE: UBER) in processing payments.

Adyen’s net revenue up 46%

According to Refinitiv data, Adyen reported an EBITDA of €272 million ($318 million) for the six months ending June 30, beating analysts’ expectations of €252 million. Net revenue increased 46% year over year to €445 million, beating analysts’ expectations of €425 million.

The company confirmed its medium-term growth targets of roughly 25% -30% compounded annual growth rate (CAGR). The majority of the rise in volume was attributed to higher volumes at current customers such as McDonald’s. Notably, the company’s total volumes increased by 67% year on year to €216 billion.

In a statement citing the shift to online retail and waning use of fiat cash, Adyen said, “We are solidly executing our strategy in a space that is consistently buoyed by macroeconomic trends … many of which were accelerated by COVID-19.”

Equally, the pandemic drove the shift into online retail, and the impact is likely to last. This has changed the way customer order and collects goods they purchase with payment alternatives also changing. Adyen said, “Ordering ahead, curbside pick-up, and in-store purchases with self-service checkouts will continue to be part of our everyday reality.”

Adyen collaborating with Shiji Group

Besides the big tech companies, Adyen also helps merchants in handling payments online and in stores. Recently the company partnered with Shiji Group to offer simplified payment processing for the hospitality sector.
Shiji Payments VP Michael Balzer said, “Our partnership with Adyen allows us to further improve the operational efficiency of our customers by providing a platform that guarantees a truly seamless and personalized experience for their hotel guests.”

Operation Vala Zonke launched in Northern Cape

The Premier of the Northern Cape, Dr Zamani Saul, together with the MECs for Roads and Public Works, Ms Fufe Makatong, and Transport, Safety and Liasion, Ms Nomandla Bloem, joined by a team from SANRAL led by the Regional Manager, Mr Randal Cable, today launched the roll out of the provincial leg of Operation Vala Zonke. This is a national campaign aimed at repairing potholes.

Response to a Social Media post of a patient living with a disability waiting for a file

South Africa: Limpopo department of health has noted the story circulating on social media of a patient living with disabilities waiting for a file at Siloam Hospital.

Dominica continuously making new investments in education sector

Roseau, Dominica: The government of Dominica is making a new investment in the education sector without taking any break. The goal of the Caribbean country is to prepare youngsters for the future and utilize the new, modern technologies in order to advance the sector.

Official opening of Eastern Cape Arts Exhibition

South Africa: The Eastern Cape Arts Exhibition opened today at the Nelson Mandela Metropolitan Art Museum in St. George's Park.

Deputy Minister Nocawe Mafu congratulates Team SA on pocketing more medals at the 2022 Commonwealth Games

Birmingham (UK): Team South Africa added four more medals to their collection at the ongoing Commonwealth Games in Birmingham on Saturday.

Female law enforcement officers kick off women’s month with special operations

South Africa: 3816 (Three thousand eight hundred sixteen) vehicles were checked, and 184 traffic fines were issued at roadblocks conducted by 238 female law enforcement officers and other stakeholders across the five municipal districts in the province.