Fintech & Payments Journal July 2026, Issue #92

Research evidence excerpt

Fintech & Payments Journal July 2026, Issue #92

Equity Research

10 July 2026

Fintech & Payments Journal

July 2026, Issue #92

Adyen announced its second acquisition targeting the billing

space while also revealing a new agentic commerce product,

with Airwallex also expanding into both segments. In APMs, European Software & Payments NEUTRAL

Wero is seeing continued traction while the Digital Euro European Software & Payments

reached another milestone, securing parliamentary backing. Sven Merkt, CFA

+44 (0)20 3134 1254

sven.merkt@barclays.com

Adyen announced its second acquisition in two months, while Airwallex enters the billing Barclays, UK

fray: PSP newsflow remains dominated by Adyen, which announced the acquisition of Orb in

Yaamir BadheJune, less than two months after announcing its first-ever acquisition of Talon.One in April.

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Adyen highlighted the strategic rationale for combining payments and billing capabilities,

yaamir.badhe@barclays.com

something that Stripe is already offering through Stripe Billing, and we see it as a strategic Barclays, UK

opportunity overall but not without execution risk. Competition in the billing space is heating

Alice Jenningsup as Airwallex also announced its own billing product in the period. 2Q26 has generally seen

+44 (0)20 3134 9087

more new customer acquisition among PSPs, with Checkout.com notably winning Microsoft,

alice.jennings@barclays.com

and Adyen winning GOV.UK as well as further retail customers across regions. Barclays, UK

Adyen launches agentic commerce product while Airwallex signals agentic interest with

new funding round: In the agentic commerce space, Adyen has made its first major agentic

commerce product announcement, launching Adyen Agentic, a suite of modular APIs that lets