Dutch payments processor Adyen is stepping up its India expansion after securing regulatory licenses, planning to grow its local workforce and commercial operations as it targets both Indian companies expanding overseas and global businesses entering the country. The Netherlands-based fintech secured a payment aggregator (PA) license and a payment aggregator-cross border (PA-CB) license in July 2024, which it sees as a catalyst for its next phase of growth in India. The same year, the Reserve Bank of India authorized Adyen to operate as an online payment aggregator for domestic and cross-border payments. Asia-Pacific President Gary Yang stated that the company is continuing to hire and grow because they see significant opportunity in the market, without sharing specific India-specific growth or hiring targets. "We think that to win in India, we want to be here for the long term. We've been here for seven years already. We're going to continue to invest in India because we believe that's what it takes to really understand the local business, understand the local customer, and build the right product," Yang told Mint.
Since acquiring relevant licenses in 2024, Adyen's local employee count has risen tenfold since 2023 to 120 in the first half of 2026, as reported by Mint. The company plans to expand its local product, commercial and operations teams, with 102 employees in Bengaluru and 18 in Mumbai as of the first half of 2026. The company's pre-tax income from India more than doubled to €3.18 million ($3.5 million) in 2025 from €1.45 million a year earlier, according to annual reports. This growth comes as global payments firms including Stripe and PayPal have struggled to establish themselves in India, with Stripe scaling down operations in 2024 citing regulatory challenges and PayPal exiting domestic India payments in 2021. Adyen's global operations generated net income of €1.06 billion ($1.23 billion) in 2025 and processed €1.4 trillion in payment transactions globally.
The payments processor, which counts tech majors such as Uber and Microsoft among its major clients, is working with firms including software giant Adobe that are seeking to expand their Indian payments suite. According to Mint, Adyen's India customers include OYO and JioHotstar, while its global clients include Adobe, Agoda, Cathay Pacific, FlixBus, Grab, LVMH, Singapore Airlines and Udemy. The company has been adapting its platform for India's unique regulatory and payments landscape to meet data localisation requirements and provide recurring payment mandates and UPI services. The India payments market stood at $409.91 billion in 2025 and is projected to reach $958.14 billion by 2030, representing a compound annual growth rate of 18.51%, according to Mordor Intelligence.
For Adyen, India is no longer simply a market where global customers need help navigating local payments. The company is increasingly focused on Indian businesses expanding overseas, particularly as domestic companies become more global. "Our primary focus today is helping Indian customers that want to go to the rest of the world, because we believe that's one place where we're on track," Yang said. The company's local infrastructure allows global enterprise merchants to access Indian payment capabilities through their existing Adyen integration, reducing the need for separate regional payment infrastructure. Adyen currently supports UPI one-off transactions through QR, Intent and Collect, as well as recurring payments through UPI AutoPay, and connects directly with major card schemes including Visa, Mastercard and RuPay, as well as NPCI for UPI. Yang emphasized that "there is no succeeding in India without UPI" given India's UPI is one of the largest instant payments networks in the world, processing billions of transactions every month.
Adyen declined to put a specific figure on its planned India investment, but Yang said the company's ambitions extend well beyond its current footprint. "We really see this as a long-term investment. We don't have illusions that tomorrow we're going to solve everything for every customer here. We really want to take it a step at a time," Yang told Mint. The company's platform draws on more than €1 trillion worth of global payments data and has around 5,000 employees across 28 offices in 21 countries. The company is positioning itself for the rise of AI-powered 'agentic commerce', where software agents could search for products and complete purchases on behalf of consumers. National Payments Corp of India is preparing a framework that would allow AI agents to make small digital payments without approval for every transaction.
