Welcome to our dedicated page for Paymentus Holdings news (Ticker: PAY), a resource for investors and traders seeking the latest updates and insights on Paymentus Holdings stock.
Paymentus Holdings, Inc. (symbol: PAY) is a recognized leader in the field of comprehensive billing and payment solutions. Distinguished by Deloitte as one of the fastest-growing companies in North America, Paymentus provides electronic bill presentment, payment services, enterprise customer communication, and self-service revenue management to an extensive range of billers and financial institutions.
Operating through a secure, omni-channel technology platform, Paymentus offers billers the capacity to send bills via various electronic channels, including web, mobile, and IVR. It also facilitates the receipt of payments through diverse methods such as credit cards, debit cards, eChecks, and digital wallets. Additionally, the platform seamlessly integrates into a biller's core financial and operating systems, ensuring real-time payment reconciliation and enhanced operational efficiency.
A core strength of Paymentus lies in its ability to manage outbound customer communications and empower end-users with a user-friendly self-service portal. This empowers customers to handle their transactions effortlessly, thereby enhancing the user experience and satisfaction.
The Company generates revenue primarily through payment transaction fees processed via its platform. These fees are typically a percentage of the transaction value or a specified fee per transaction, making the business model both scalable and profitable.
Recent achievements of Paymentus include the augmentation of their platform to support payment processing across a wide array of channels such as online, mobile apps, IVR systems, call centers, chatbots, and voice-based assistants. This multi-channel approach ensures flexibility and meets the varied preferences of its customer base.
Latest News:
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Paymentus Holdings (NYSE: PAY) announced its participation in two upcoming investor conferences in December 2024. CEO Dushyant Sharma and CFO Sanjay Kalra will attend the Wolfe Research Small and Mid-Cap Conference on December 5th and the Raymond James TMT and Consumer Conference in New York on December 9th. At the latter, they will participate in a fireside chat at 8:40 am ET, which will be webcast live and available for replay on Paymentus' investor relations website. Management will host investor meetings at both conferences.
Paymentus Holdings (NYSE: PAY), a cloud-based bill payment technology solutions provider, announced its participation in the FT Partners FinTech Conference. CEO Dushyant Sharma and CFO Sanjay Kalra will engage in a fireside chat on Wednesday, November 20th at 1:20 pm ET. The event will be accessible via live webcast and replay on Paymentus' investor relations website at ir.paymentus.com.
Paymentus Holdings (NYSE: PAY), a leading provider of cloud-based bill payment technology, announced its unaudited financial results for Q3 2024, ending September 30, 2024. Revenue reached a record $231.6 million, a 51.9% increase year-over-year, driven by more billers and transactions. Gross profit rose 29.3% to $60.7 million, while adjusted gross profit increased 29.1% to $66.2 million. The company reported a net income of $14.4 million with GAAP EPS of $0.11. Non-GAAP net income was $19.6 million, and non-GAAP EPS was $0.15. Adjusted EBITDA was $24.6 million, reflecting a 58.2% increase year-over-year and a 30.7% adjusted EBITDA margin. Paymentus processed 155.3 million transactions during the quarter, a 34.6% increase from Q3 2023. The company exited the quarter with strong bookings and backlog, expressing confidence in achieving its growth and strategic objectives.
Paymentus Holdings, Inc. (NYSE: PAY), a leading provider of cloud-based bill payment technology solutions, has announced it will release its third quarter 2024 financial results after the market close on Tuesday, November 12, 2024. The company will host a live webcast to discuss the results at 5 p.m. Eastern Time on the same day.
Interested parties can join the earnings conference call via phone at +1 833 470 1428 (U.S. Toll-Free) or +1 404 975 4839 (International) using the access code 361435. Alternatively, the webcast can be accessed through the 'Investor Relations' section of the Paymentus website at ir.paymentus.com. A replay of the webcast will be available for one year following the event.
Paymentus Holdings Inc. (NYSE: PAY) has introduced the Paymentus Disbursements Accelerator in the Guidewire Marketplace, expanding its offerings for insurers using Guidewire ClaimCenter. This accelerator enables rapid integration of instant digital disbursement capabilities into claims management processes, allowing policyholders to receive payouts through various methods including digital wallets, cards, ACH transfers, or checks.
The solution aims to improve customer satisfaction, enhance back-office operations, and reduce costs for insurers. It complements Paymentus' existing Billing and Payments Accelerator for Guidewire BillingCenter, introduced in 2023. The Disbursements Accelerator has received Ready for Guidewire validation, ensuring streamlined integration and full functionality. It offers a single dashboard view for staff, real-time data availability, and secure access to payout details within PCI-compliance.
Paymentus Holdings, Inc. (NYSE: PAY) has announced an agreement with Altera Digital Health Inc. to offer its Electronic Bill Presentment and Payments (EBPP) platform alongside Altera's healthcare IT solutions. This collaboration aims to address key components of revenue cycle management by optimizing billing and payments in healthcare.
The partnership will enable healthcare providers to deliver up-to-date patient billing information via electronic health records, send statements and reminders through secure digital communications, and receive payments from various sources. This integration is expected to improve patient satisfaction and streamline back-office operations.
Paymentus' platform offers a comprehensive billing and payment experience, allowing patients to personalize how billing information is presented and providing multiple payment options through its Instant Payment Network (IPN).
Paymentus Holdings, Inc. (NYSE: PAY), a leading provider of cloud-based bill payment technology solutions, has announced its participation in the Goldman Sachs Communacopia + Technology Conference in San Francisco. CEO Dushyant Sharma and CFO Sanjay Kalra will engage in a fireside chat on Monday, September 9th at 1:10 pm ET.
Investors and interested parties can access a live webcast and replay of the fireside chat on Paymentus' investor relations website at ir.paymentus.com. For additional information, attendees are encouraged to contact their Goldman Sachs representative or email paymentus@kcsa.com.
Paymentus Holdings (NYSE: PAY), a leading cloud-based bill payment technology solutions provider, has announced its participation in three upcoming investor conferences in August:
1. Oppenheimer Virtual Technology, Internet & Communications Conference on August 14th, featuring a fireside chat at 2:55 pm ET.
2. Wells Fargo Fintech, Information & Business Services Forum at the Newport Harbor Island Resort, Rhode Island, on August 21st.
3. Deutsche Bank 2024 Technology Conference at the Waldorf Astoria Monarch Beach Resort, California, on August 28th.
CEO Dushyant Sharma and CFO Sanjay Kalra will represent Paymentus at these events. A live webcast and replay of the Oppenheimer fireside chat will be available on Paymentus' investor relations website.
Paymentus (NYSE: PAY) reported strong Q2 2024 financial results, with revenue up 32.6% year-over-year to a record $197.4 million. The company's performance was driven by increased billers and transactions, processing 140.4 million transactions, up 28.2% from Q2 2023. Adjusted EBITDA grew 58.6% year-over-year to $22.5 million, reflecting a 29.5% margin. Net income was $9.4 million, with GAAP EPS of $0.07 and non-GAAP EPS of $0.12. Gross profit increased 28.1% to $58.8 million, while contribution profit rose 28.3% to $76.5 million. The company reported strong bookings and backlog, indicating continued momentum.
Paymentus Holdings, Inc. (NYSE: PAY), a leading provider of cloud-based bill payment technology solutions, has announced that it will release its second quarter 2024 financial results after the market close on Thursday, August 8, 2024. The company will host a live webcast at 5 p.m. Eastern Time on the same day to discuss the results.
Interested parties can access the earnings conference call via phone or webcast. The U.S. Toll-Free number is +1 833 470 1428, and the International number is +1 404 975 4839, with the access code 570725. The webcast will be available in the 'Investor Relations' section of the Paymentus website at ir.paymentus.com. A replay of the webcast will be accessible for one year following the event.
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