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 (PAY) delivers innovative electronic bill presentment and payment solutions through its secure SaaS platform. This news hub provides investors and industry professionals with essential updates about the company's financial developments, technological advancements, and market positioning.
Access official press releases and curated analysis covering earnings reports, strategic partnerships, product enhancements, and regulatory compliance matters. Our collection ensures timely access to material information affecting PAY's role in the fintech sector, including updates on omni-channel payment processing capabilities.
Key focus areas include platform security improvements, expansion of supported payment methods (credit cards, eChecks, digital wallets), and integration with enterprise financial systems. Track developments in real-time payment processing and customer communication tools that define PAY's competitive edge.
Bookmark this page for streamlined monitoring of Paymentus' progress in modernizing billing infrastructure across utilities, financial institutions, and government agencies. Verify critical updates through primary source documentation while maintaining perspective on industry trends shaping electronic payments.
Paymentus Holdings, Inc. (NYSE: PAY) will announce its first quarter 2022 financial results on May 4, 2022, after market close. A live webcast is scheduled for 2 p.m. Pacific Time to discuss the results, accessible through the investor relations section of the Paymentus website. The company provides cloud-based bill payment solutions for over 1,700 billers and financial institutions in North America, recognized as a leading provider of electronic bill presentment and payment (EBPP) solutions.
Paymentus Holdings (NYSE: PAY) has been recognized as the only vendor with an overall best-in-class status in the Aite-Novarica Group's "2021 Aite Matrix: Biller Direct EBPP Solutions" report. This accolade is attributed to Paymentus' innovative Instant Payment Network® and exceptional customer service. The report highlights consumer demand for modern payment solutions and emphasizes Paymentus' leadership in client satisfaction, product features, and strategic partnership capabilities. CEO Dushyant Sharma noted that this recognition reflects the team's commitment to developing a frictionless billing and payment ecosystem.
Paymentus Holdings reported a strong performance in Q4 2021, with revenue of $108.1 million, marking a 31.2% increase year-over-year. Gross profit also rose 31% to $33.7 million, while contribution profit surged 36.3% to $45.3 million. The company processed 83.3 million transactions, a 53.7% increase from Q4 2020. For 2022, Paymentus expects revenue between $490 million and $495 million, reflecting 24% to 26% growth year-over-year. CEO Dushyant Sharma emphasized a strong outlook based on their growth strategy.
Paymentus Holdings (NYSE: PAY) will announce its fourth quarter and full year financial results after market close on February 16, 2022. A live webcast discussing these results will take place at 2 p.m. PT (5 p.m. ET) on the same day. Paymentus provides cloud-based bill payment technology solutions to over 1,400 billers in North America, offering a secure and flexible electronic payment experience via its proprietary Instant Payment Network.
Paymentus (NYSE: PAY) has expanded its partnership with Harris Utility Group to integrate its cloud-based billing and payment platform into the SilverBlaze customer engagement platform for utility providers. This enhanced collaboration supports consumer demand for digital payment options, including digital wallets like PayPal and Amazon Alexa. The integration will help utility providers meet customer expectations by offering e-billing and real-time notifications. Both companies have added over 30 new customer accounts, including Santa Monica and Burlington Electric, reinforcing their market position.
Paymentus Holdings, Inc. (NYSE: PAY), a leader in cloud-based bill payment solutions, announced participation in three investor conferences:
- Citi 2021 FinTech Conference on November 17 at 3:45 pm ET
- J.P. Morgan 2021 Ultimate Services Investor Conference on November 18 at 10:55 am ET
- Raymond James 2021 Technology Investors Conference on December 7 at 11:30 am ET
Live webcasts can be accessed via Paymentus' investor relations website.
Paymentus Holdings, Inc. (PAY) reported a 30% increase in revenue year-over-year for Q3 2021, totaling $101.7 million. Contribution profit rose 37% to $40.7 million, driven by a 45% increase in transactions processed, reaching 70.6 million. Net income stood at $0.4 million with a GAAP EPS of $0.00. The company expects full-year revenue between $391 million and $393 million, reflecting year-over-year growth of 29.5% to 30.5%.
Payveris has launched Bill Center℠, a comprehensive payment hub designed to modernize bill payments for financial institutions. This platform integrates with Paymentus' Instant Payment Network® to provide a unified view of all financial obligations, enhancing consumer experiences with various payment options. Research indicates that 74% of consumers prefer centralized bill payment solutions. Bill Center℠ aims to empower banks and credit unions to regain customer engagement in digital payments. The service promises immediate notifications and an improved transaction experience for billers as well.
Paymentus Holdings (NYSE: PAY) will report its third quarter financial results on November 9, 2021, after market close. A webcast discussing these results is scheduled for 2 p.m. PT (5 p.m. ET) on the same day. Paymentus is a provider of cloud-based bill payment solutions, serving over 1,300 billers across North America. Its Instant Payment Network connects numerous billers and partners, facilitating bill payments for approximately 16 million users as of December 2020.
Paymentus Holdings (NYSE: PAY) has announced a new partnership with GLDS to enhance billing and payment management solutions for broadband customers across North America. This collaboration aims to streamline payment options and expand GLDS' suite of cloud-based customer management tools. Paymentus will provide a broad range of payment methods, including IVR, digital wallets like AmazonPay and PayPal, and retail options through Walmart. The combined solutions are expected to improve customer satisfaction and adoption rates.
