LONDON & DUBLIN--(EON: Enhanced Online News)--Realex Payments (“the Company”), a leading payment gateway in Europe, announces that it has filed its annual financial report for the 12 month period ending 30 April 2013.
The filings show that Realex Payments has continued to grow at an aggressive pace with revenues amounting to €14.2 million, an increase of 45% from €9.79 million at 30 April 2012. The increase is primarily due to its strategic expansion overseas, which now represents 60% of its business. Its UK operation reported a 120% increase in revenue. Profit after tax was €1.24 million.
Commenting on the growth, Realex Payments founder and CEO, Colm Lyon said “Over the last two years we have seen the benefit of our strategic plans take effect. We are selling more than ever, via direct and new distribution channels and in more regions. In particular our corporate offering is now recognised as a leading holistic solution, in addition to the partnership deals that we have formed”.
The company now processes over €24 billion per annum for over 12,000 retailers.
“We are very optimistic about continuing to grow the business and with over 170 employees we are preparing to bring some significant new developments to market, helping our clients to be paid, in a less expensive and enhanced fashion. In particular, we are investing heavily in the UK operations and will be doubling the head count based in our London office over the coming 12-18 months.” Colm concluded.
Post period end developments
Since the year end, Realex Payments has announced a significant managed gateway solution with Elavon Financial Services Ltd. This is the second such deal, having won a similar deal with Global Payments in 2012. The deal involves Realex Payments providing a fully branded, localised, online, multi-channel payment gateway for businesses across the UK and Europe.
In August 2013, Realex Financial Services Limited (regulated by the Central Bank of Ireland), a wholly owned subsidiary of Realex Payments, took its Realex Fire Personal Account out of beta with a mission to transform the way people and businesses pay and get paid.
About Realex Payments
Realex Payments processes payments for over 12,000 online retailers, including some of the world’s leading brands – Vodafone, Aer Lingus, Virgin Atlantic, Paddy Power, Chain Reaction Cycles, 32Red, and notonthehighstreet.com. Realex Payments employs 170 people, has clients in 30 countries and offices in Dublin, London and Paris. In addition to having thousands of small, medium and large corporate clients, the business has also developed strategic partnerships with some leading international payment companies such as Elavon and Global Payments (formerly HSBC Merchants Services) for whom it provides a managed service for online payments.
Realex Payments, Dublin www.realexpayments.com
|The Observatory, 7/11 Sir John Rogerson’s Quay, Dublin 2, Ireland|
|Tel: +353 (0)1 2808559 Fax: +353 (0)1 702 2000|
Realex Payments, London www.realexpayments.co.uk
|1 Lyric Square, London W6 0NB, London, England|
|Tel: +44 (0)2031785370 Fax: +44 (0)2076917264|
Realex Payments, Paris www.realexpayments.fr
|5 rue du Helder, 75009 Paris|
|Tel + 33 (0)153245328 Fax + 33(0)153245339|