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Mobi724 Announces Strong 2017 Growth in Payments Business with Transactions up 120 percent
Apr. 11, 2018 09:16AM PST
Fintech Investing
MOBI724 Global Solutions (TSX-V:MOS), a Fintech leader offering all-in-one, fully integrated EMV payment and card linked offers announced that in FY 2017 its payment business recorded a strong year over growth. The company announced that it saw an 120 per cent increase in the total number of transactions as compared to 2016. Further, it was …
MOBI724 Global Solutions (TSX-V:MOS), a Fintech leader offering all-in-one, fully integrated EMV payment and card linked offers announced that in FY 2017 its payment business recorded a strong year over growth.
The company announced that it saw an 120 per cent increase in the total number of transactions as compared to 2016. Further, it was revealed that the total value of the payments processed increased by 112 per cent in 2016 as compared to previous year.
As quoted in the press release:
Marcel Vienneau, CEO of MOBI724, said, “We are especially pleased to see that our payments business continues to grow and enjoyed record results in 2017. The growth achieved here provides a model for future growth in other markets. We continue to expand in the Amercias and are in the process of launching new clients in the Philippines.”