#Black Friday #New York #Cyber Monday #Adyen

Adyen Achieves Unprecedented $43 Billion in Payments During Black Friday/Cyber Monday Weekend

This year's Black Friday and Cyber Monday (BFCM) weekend marked a significant milestone in global consumer spending, with Adyen processing a record-breaking total of $43 billion. This figure represents a 27% increase over the previous year's performance and highlights a growing trend in online shopping and payment flexibility around the holiday season.

The spikes in consumer demand were significant, with Adyen managing to handle a peak of 199,000 transactions per minute during the event. Despite the immense volume of transactions, Adyen maintained an impressive operational uptime of 99.9999%, ensuring seamless processing for retailers and consumers alike.

Shifting Consumer Behaviors

The landscape of consumer payment preferences continues to evolve, especially during high-traffic shopping weekends like BFCM. Key findings from this weekend reveal:

• - Mobile wallets are surging in popularity, accounting for 33% of point-of-sale transactions compared to 21% last year. This sharp rise indicates a notable shift towards digital payment methods.
• - Contactless transactions have become the new norm, with 85% of in-store payments made using contactless technology, up from 81% the previous year.
• - Local payment methods remain crucial, making up 14-15% of transactions, emphasizing the need for retailers to offer regional options, including Carte Bancaire and PayPal.
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