Payments provider Adyen targets $1 billion IPO for June 13 listing on Euronext Amsterdam while Square stock surges by almost 50%. And in other news, PayPal acquires minority stake in India’s Pine Labs while Facebook launches WhatsApp Pay in India.

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 Adyen targets $1 billion IPO for June 13 listing on the Euronext Amsterdam. And this will give the Netherlands-based payments company a market capitalization of $7.6 – $8.3 billion, according to TechCrunch.

“We feel that we are still in the early stages of a remarkable journey. Our focus remains on building new functionality and on helping our merchants grow,” said Adyen’s CEO and co-founder Pieter van der Does in the same article. “This offering provides us with the freedom to keep building the company, while offering our shareholders a path to liquidity. Adyen will remain a company that is driven by a long-term vision and strategy.”

The company currently competes with the likes of PayPal and Stripe and counts Uber, Netflix and eBay among its key clients.

 PayPal and Temasek acquire minority stakes in Pine Labs. Already holding the title for India’s largest digital payments platform, Pine Labs intends to use the investment to foster their vision of a “world-class merchant-centric payments ecosystem,” according to the press release.

“We believe it is possible to achieve India’s cashless vision by digitizing the payments acceptance infrastructure,” said Vicky Bindra, CEO of Pine Labs, in the same release. “We are furthest ahead in this journey in India with an annualized GTV of $15 billion USD on a base of approximately 300,000 payments acceptance points. This positions us as a critical and strategically important player in the offline-online convergence in India.”

Square stock increases by almost 50%. Adding $8 billion to an already impressive market value, the micro-merchant payments leader has surged in stock value since adding Bitcoin trading in November for Cash App customers, according to an article in the Washington Post last week.

Also a contributing factor to the rising stock is Square’s publicized intent to purchase website builder Weebly for $365 million – the company’s largest acquisition to date – according to the same article.

Facebook takes its WhatsApp Pay to India. The social media giant’s payments capability will now be launched in India to facilitate person-to-person payments among WhatsApp users.

And according to The Paypers, the launch of WhatsApp into India’s payments ecosystem is being “likened to WeChat, which reshaped payments in China when it expanded beyond messaging.”

More than 200 million locals use WhatsApp in India and Forrester estimates daily active usage to be 20 times higher than Paytm, according to the same article.