ISignthis (ASX:ISX) shares up 20% as annualised paydentity GPTV exceed $1.9b in Sep

Company News

by Anna Napoli

Online payments platform ISignthis (ASX:ISX) has had a strong start to the new financial year lifting its Paydentity actual annualised gross processed turnover volume (GPTV) by 360 per cent to over $1.9 billion from June 30.

Business customer group approvals at the end of the third quarter were up 45 per cent to 304 from 210 at the end of the second quarter.

The company says group approvals continue to grow consistently in line with expectations.

Meantime, its Paydentity ecosystem continues to expand as a business service offering, with a focus on growth through customer acquisition and multiple revenue lines, including card acquiring and eMoney accounts growth.

Shares in ISignthis (ASX:ISX) are trading 20.86 per cent higher at $1.13.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.