HiPay Group: 2017 Q3 Transaction Volume: €501M, +46%
07 Novembre 2017 - 5:45PM
2017 Q3
Transaction Volume: €501M, +46%
Paris, November
7th, 2017, 5:45 p.m.: HiPay Group (ISIN code: FR0012821916 -
HIPAY), a fintech company specialized in payments, announces its
revenue for the third quarter of 2017.
Payments -
in million euros
|
2017 |
2016 proforma1 |
Var. % |
3rd
quarter |
Transaction volume |
501 |
343 |
+46% |
Revenue |
6.0 |
4.5 |
+35% |
9 first months |
Transaction volume |
1,453 |
945 |
+54% |
Revenue |
17.6 |
13.5 |
+30% |
Commenting on the 2017 third
quarter results, Grégoire Bourdin, Chief Executive Officer at HiPay
says: "The sell-off of the micropayment division
at the end of July allows HiPay to fully focus on the growth of its
payment activity. The transaction volume processed during this
quarter, 501 million euros which represents an increase by 46 %
compared to 2016, supports the strategy we have chosen. Our
investments in research and development are going on in order to
always give more innovations and more added-value to our clients.
This quarter's results are meeting our expectations, especially
thanks to a strong sales activity, and we expect keeping this high
growth performance."
A growing payment
division
The payment division's revenue
reached 6 million euros for the third quarter (+35%). During the
first nine months of 2017, the revenue increased by 30% compared to
2016, getting to 17.6 million euros in total. The combined
transaction volume attained 1.45 billion euros for the first nine
months, a growth of 54% compared to the same period last year.
Those results are in line with the
repositioning strategy of the group with the sell-off of the
micropayment division at the end of July. This sell-off allows
HiPay to fully devote itself to the development of its payment
activity, both in terms of human resources and investments.
Dozens of French merchants, as
much pure-players as brick-and-mortar brands, chose to trust HiPay
this quarter in the processing of their online and offline
transactions. This dynamic also shared on the international scale
as a dozen of non-French e-tailers joined the platform this
quarter. Today, almost 50% of the transactions processed by HiPay
are coming from outside France. Those new partnerships allow HiPay
to strength its position in France and abroad.
A quarter full in
innovations
If the second quarter of 2017 has
been marked by the launch of HiPay
Intelligence, an interface dedicated to clients' data analysis,
the third quarter saw the establishment of HiPay
Sentinel.
As the combination of a scoring
module and features based on Machine Learning algorithms, HiPay Sentinel is a technology allowing merchants to
efficiently fight against fraud. After an initial filtering by the
scoring module, Smart Decision automatically
and intelligently treats transactions which needed a manual review
before. This feature is a time and resources saver for merchants
and an UX improvement for their clients. HiPay
Sentinel is now a new step for HiPay's technologic
development.
In order to keep improving its
products, HiPay is going to pursue its efforts in R&D in the
coming months, and especially in the use of Artificial
Intelligence. HiPay also wishes to consolidate its positioning as
omni-channel payment provider by offering a smooth cross-channel
journey and a unified CRM over all merchants' sales channels.
Next financial
communication: February 22nd, 2017 - 2017
Annual Results.
About HiPay
We're a global payment provider
processing more than €2bn annually across 150 countries and 220
payment types. By harnessing data analytics, we help deliver
valuable customer insights that enable our clients' businesses to
succeed.
More information at hipay.com.
Find us on Twitter, LinkedIn and
Google+
HiPay Group is listed on the
Euronext Paris Compartment C (ISIN code: FR0012821916 - mnemo:
HIPAY).
Press Contact
Camille Macaudière
+33 (0)1 73 03 46 94
press@hipay.com
This press
release does not constitute an offer to sell or a solicitation of
an offer to buy HiPay Group shares. If you wish to obtain more
information about HiPay Group, please refer to our website
hipay.com, under the Investors heading. This press release may
contain some forward-looking statements. Although HiPay Group
considers that these statements are based on reasonable statements
on the publication date of this release, they are by their very
nature subject to risks and uncertainties that could cause the
actual results to differ from those indicated or projected in these
statements. HiPay Group operates in a continual ly changing
environment and new risks could potentially emerge. HiPay Group
assumes no obligation to update these forward-looking statements,
whether to reflect new information, future events or other
circumstances.
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Source: HiPay Group via Globenewswire