STARTUP LEGAL10 Sept 2026
Adyen steps up India expansion after licence approval, plans to grow local team | Company Business News
Dutch payments company Adyen has secured India licences and is now stepping up its expansion here. It plans to grow its Mumbai and Bengaluru teams, serving Indian businesses going global and foreign firms entering India. Adyen had 120 staff in the first half of 2026. India's payments market is growing fast, so expect more competition in online payments.
Key Statutory Highlights
- Adyen secured a payment aggregator (PA) licence and a payment aggregator-cross border (PA-CB) licence in July 2024, and the RBI authorised it to operate as an online payment aggregator for domestic and cross-border payments.
- Adyen had 120 employees in India in the first half of 2026, with 102 in Bengaluru and 18 in Mumbai, and it plans to grow its local product, commercial and operations teams.
- India's payments market stood at $409.91 billion in 2025 and is projected to reach $958.14 billion by 2030, a compound annual growth rate of 18.51%.
Actionable Advice for Taxpayers / Founders:If you sell online, it may be a good time to compare payment gateway options and pricing, and to confirm your provider holds the needed RBI authorisation before you sign or renew a long contract.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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