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, Inc. (NYSE: PAY) will announce its first quarter 2023 financial results on May 8, 2023, after market close. A live webcast is scheduled for 2 p.m. Pacific Time (5 p.m. Eastern Time) on the same day. Investors can access the call via a toll-free number or through the company's website, where a replay will be available for one year. Paymentus provides cloud-based bill payment technology solutions, serving over 1,900 billers across North America. Recognized as a top provider of EBPP solutions by Aite-Novarica in February 2022, the company aims to deliver flexible and secure electronic bill payment experiences through its proprietary Instant Payment Network™.
Paymentus Holdings, Inc. (NYSE: PAY) announced its management team's participation in the Wolfe Research FinTech Forum on March 14, 2023, at 9:25 am EST. A live webcast and replay will be available on their investor relations website.
Paymentus is a leading provider of cloud-based bill payment technology with over 1,700 clients in North America. Recognized as a top provider of EBPP solutions by Aite-Novarica in February 2022, their platform enhances consumer experiences through a secure and flexible payment process, utilizing the proprietary Instant Payment Network™ for integrated billing and payment solutions.
Paymentus Holdings, Inc. (NYSE: PAY) reported robust fourth-quarter results for the year ending December 31, 2022, with revenue reaching $132.2 million, a 22.2% increase year-over-year. Gross profit rose 21.9% to $41.1 million, while contribution profit grew 19.4% to $54.1 million. The company achieved an adjusted EBITDA of $10.2 million, reflecting an 18.9% margin. For full-year 2022, total revenue was $497.0 million, up 25.7%, with net income at $1.0 million.
Business highlights include signing a contract with Citizens Financial Group and launching a new small business product.
Paymentus (NYSE: PAY) has been selected by Citizens Financial Group to offer electronic bill payment and money services for its digital-first retail banking customers. The partnership will utilize Paymentus Bill Center and Paymentus Loan Payments, powered by the Instant Payment Network (IPN). This solution aims to enhance customer experience by providing comprehensive payment options and immediate confirmation. As consumer demand for real-time payments rises, with 89% of consumers seeking more options, this collaboration positions Citizens to meet these expectations effectively, enhancing its digital banking offerings.
Paymentus Holdings, Inc. (NYSE: PAY) will report its fourth quarter and full year 2022 financial results on February 23, 2023, after market close. A live webcast to discuss these results will take place at 5 p.m. ET on the same day. Paymentus supports over 1,700 billers and financial institutions with its cloud-based bill payment technology solutions. The company was recognized as an industry leader in EBPP solutions by Aite-Novarica in February 2022. Investors can access the webcast through the company’s investor relations page, with a replay available for one year.
Paymentus Holdings (NYSE: PAY) has expanded its Cash Bill Pay capabilities by partnering with Green Dot Corporation (NYSE: GDOT). This collaboration allows cash payments at over 90,000 retail locations across the U.S., significantly enhancing access for underbanked and unbanked consumers. Currently, more than 18.7 million U.S. households are underbanked, with an additional 5.8 million unbanked. The new service facilitates quick and secure bill payments, supporting the growth of cash transactions, which account for 20% of all payments. This aligns with Paymentus' goal of providing accessible payment solutions.
Paymentus Holdings, Inc. (NYSE: PAY) will participate in the Raymond James 2022 Technology Investors Conference on December 6 at 2:50 pm ET. This leading provider of cloud-based bill payment solutions serves over 1,700 billers and financial institutions in North America. Paymentus has been recognized as the top EBPP provider by Aite-Novarica in February 2022. A live webcast will be available on their investor relations website for those interested in the event.
Paymentus Holdings, Inc. (NYSE: PAY) reported strong third-quarter results for 2022, with transactions increasing by 30.6% year-over-year. Revenue reached $128.2 million, up 26.0% from the previous year, while gross profit rose to $37.9 million, a 21.5% increase. Contribution profit also increased by 25.8% to $51.1 million. Despite a net loss of $737 thousand, non-GAAP net income was $1.8 million. The company aims to continue expanding its adjusted EBITDA margin, which improved to 15.7% this quarter, up from 13.6% in Q3 2021.
Paymentus Holdings, Inc. (NYSE: PAY) will release its third quarter 2022 financial results on November 9, 2022, after market close. A live webcast to discuss the results will be held at 2 p.m. Pacific Time (5 p.m. Eastern Time) on the same day. Paymentus, a provider of cloud-based bill payment technology, serves over 1,700 billers and financial institutions in North America. The company was recognized as a leader in EBPP solutions in February 2022 by Aite-Novarica, enhancing its credibility in the sector.
Paymentus Holdings (NYSE: PAY) has certified its real-time posting integration with Epic MyChart, enhancing healthcare payment functionalities for over 150 million patients. This upgrade allows patients to view payment due dates and complete transactions within the MyChart portal while offering expanded options like PayPal Credit and flexible payment plans. The integration aims to simplify bill payments, reduce missed payments, and improve revenue flow for healthcare providers, ultimately fostering a better patient experience.
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