The period 27 January 2021 to 25 February has seen further growth in the payments division, with GBP:USD FX pair transactions growing an additional 27% in volume compared to the period 23 December 2020 to 27 January 2021. The Company saw a significant improvement in transaction values in both Euro and GBP, up 219% and 143% respectively, due to the continuing rate of account openings.
The migration of existing customers using Prepaid Cards is complete, as is the final stage of the previously mentioned development of revamped prepaid services now ready for launch.
The Merchant Services team has continued developing an active pipeline of clients going through approval which will see clients going live in the coming weeks, and has signed two agreements with international payment service providers who will also supply leads for the Merchant Services business in the UK and overseas.