January 12, 2021 4:15 PMTech
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FORT LAUDERDALE, Fla. Segpay, a global leader in digital payment processing, announced today that it finished 2020 up significantly in overall revenue, capping one of the most successful year in the company’s 15-year history. This growth was fuelled by CAM merchants which outperformed all other market niches representing more than half of Segpay’s transaction volume, growing 55% year over year. Subscription-based merchants also powered Segpay’s growth, up 33% year over year.
“We made CAMs our focus five years ago and modified our system, streamlining and simplifying the checkout process to best support this segment,” said Segpay CEO Cathy Beardsley. “Our risk tools are configurable by merchant, country and user level bringing flexibility to serve each merchant’s unique needs and requirements.”