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Fintech Adyen’s Shares Jump as Sales Beat Estimates

Bank Innovation

Adyen NV reported a 54% rise in second-half net revenue, beating analysts’ estimates as the fintech darling continues to deliver on rapid growth. and Spotify Technology SA, posted €192.5 The Dutch company, which processes payments for Netflix Inc., million ($219 million) in net revenue for the six months ended December.

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Ahold Delhaize Bolsters Investment In eCommerce

PYMNTS

As COVID-19 leads more customers to purchase groceries through the web, Stop & Shop owner Ahold Delhaize NV is putting more resources toward online shopping operations. In addition, the retailer is increasing spending on hand-held shopping technology in addition to programs to assist shoppers in stores to pay while avoiding the cashier.

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Yandex, The Russian Google, Has 15-Minute Grocery Delivery 

PYMNTS

Russia’s biggest technology firm, Yandex NV, launched an online service that uses bike couriers to bring groceries to Moscow residents in 15 minutes, Bloomberg reported on Tuesday (Jan. The free service, called Lavka, stocks roughly 2,000 items and plans to operate as a digital convenience market for items like toothpaste and condoms.

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Adyen Shares Start Trading At 67 Percent Above IPO Pricing

PYMNTS

billion) for its investors in the biggest technology IPO in Europe so far this year. ABN Amro Bank NV , BofA Merrill Lynch and Citigroup were appointed as joint bookrunners. Share were selling at more than €500 ($589). Trading of Adyen shares took place on Amsterdam’s Euronext exchange. The company had raised €947 million ($1.1

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Israel Approves New Digital Bank

PYMNTS

The digital bank is led by entrepreneurs Marius Nacht of cyber security company Check Point Software Technologies , and Amnon Shashua of autonomous driving developer Mobileye NV. The Bank of Israel is green lighting a new digital bank — the country’s first new financial institution in decades.

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Gemalto CEO promises growth after profit warning fears

Payments Source

Security software-maker Gemalto NV Chief Executive Officer Philippe Vallee says sales growth will accelerate as soon as this quarter.

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Grocers Bolster Delivery Efforts With Small Warehouses

PYMNTS

More supermarket companies are opting for this strategy over the bigger and remote distribution centers that the Peapod division of Koninklijke Ahold Delhaize NV and Kroger Co. with the help of Takeoff Technologies Inc. are building to make deliveries over broader areas. and South San Francisco, Calif.

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