Aduragbemi Omiyale
By Aduragbemi Omiyale
A pioneering payment technology platform, PayFuture Technologies, is anticipating a further increase in revenue fuelled by a diverse portfolio of products and expanded market reach.
The firm, established by industry veterans experienced in the payments technology and cybersecurity space, has grown its net revenue by about 1,000 per cent to £8.878 million since its inception in 2019.
The business has developed remarkably quickly since its launch, despite raising no finance from external investors and the founders bootstrapping its development.
It now offers payment services in more than 40 countries and is on track to support $2 billion worth of transactions this year.
Driven by a combination of strategic initiatives and a dedicated team of experts, PayFuture anticipates continuing progress across key performance indicators, especially by entering new markets and solidifying its position as a leader in the fintech landscape.
It also intends to sustain its investment in research and development to enhance existing products and introduce cutting-edge solutions to meet evolving customer needs and market trends.
The chief executive of PayFuture, Manpreet Haer, while commenting on the improvements recorded by the firm, said, “These figures are a testament to our commitment to innovation, customer satisfaction, and market adaptability.
“From the outset, our vision was to establish ourselves as a leading global payment technology platform known for its diverse payment options tailored to each emerging market.
“By prioritising a seamless payment experience for both our merchants and their customers, we are successfully doing so – and empowering our clients to optimise their sales, profits, and customer loyalty.
“We are now well-positioned to further expand our footprint and influence in the payments sector.”
Business Post reports that PayFuture employs around 90 people across the UK, Dubai, Malta, India, and the Philippines, with others based in remote offices across the world.
Having a diverse location spread ensures the company is well-positioned to support its clients across all its key territories in the Indian sub-continent, Africa, Southeast Asia, MENA and Latin America.
