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Realex Payments Head Office

1 Lyric Square
London
GB

Telephone

0035312808559

Contact

Tracy Glynn
[email protected]
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Realex Payments announces significant growth in volumes and revenue across all regions

• Revenue for year ended April 2012 grew 28% to €9.8m.

• Transaction volumes increased 44% to 70m

• Number of clients increased 74% to 8,360

• Monthly processing value passes €1.5bn

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”.