Realex Payments, a leading pan European online payment gateway has today announced significant growth figures. In the financial year ended April 2012, the company increased revenue by 28% to €9.8m and transaction volumes by 44% to 70m.
This surge in growth has been largely driven by its activities in the UK and Europe. Revenue in the UK market grew by 95% and in continental Europe by 31%.
During the year Realex Payments signed up an additional 3,550 online retailers as clients, bringing its total client base to 8,360. Some significant wins during the year included signing up Paddy Power, notonthehighstreet.com, Hostel Bookers, Cocosa and 7 Day Shop. The online payment provider has scores of house hold names as clients including Aer Lingus, Virgin Atlantic, 32 Red, AA Insurance and Vodafone.
In January 2012 the business announced a significant deal with HSBC Merchant Services, which sees Realex Payments provide a managed service to their UK online retailer base.
Realex Payments has also seen a large increase in the value it is processing for its clients – for the year this amounted to €13.4bn, reflecting a high average transaction value of over €190. Since the year end, the company has seen the growth rate increase further and in June 2012, Realex Payments processed in excess of €1.5bn for a month (€18bn per annum).
Commenting on the results, Colm Lyon, CEO and founder said, “we are delighted that the business is growing at these rates and it is testament to the wonderful team we have at Realex Payments – across our three locations. We have a very exciting time ahead as we continue to grow and bring some new and innovative products to the payments marketplace”.
About Realex Payments
Realex Payments is an online payment gateway. The business provides thousands of online retailers with payment processing services, enabling online real time transaction processing. The company has solutions for SMEs, large corporate clients, financial institutions and works with web developers to ensure businesses can process payments online. The company was founded in 2000 by award winning entrepreneur, Colm Lyon. The company employs 115 people across its offices in Dublin, London and Paris.