Adyen Expands Toast Partnership Into U.S., Tapping $215B in GPV
TOST sits 55% above its 52-week low of $22.26.
Summary
Adyen is expanding its payments partnership with Toast into the U.S., adding a major processing option for Toast's 180,000 locations. The move builds on an existing international relationship and gives Toast's U.S. merchants access to Adyen's unified platform for faster settlement and broader payment methods. Toast disclosed it facilitated over $215 billion in gross payment volume in the last twelve months, underscoring the scale of the opportunity. This follows a strong Q2 and a recent BWH Hotels endorsement, reinforcing Toast's momentum in hospitality tech.
At the time of this announcement, TOST was trading at $34.43 on NYSE in the Technology sector, with a market capitalization of approximately $20B. The 52-week trading range was $22.26 to $46.81. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.