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Paysign, Inc. (NASDAQ: PAYS) is a pioneering financial services provider, specializing in prepaid card products and processing services under the Paysign brand. Catering to corporate, consumer, and government applications, Paysign offers a wide array of services including transaction processing, cardholder enrollment, value loading, account management, reporting, and customer service through its proprietary platform.
With a strong footing in the healthcare sector, Paysign develops prepaid card solutions for corporate incentive rewards, expense management, healthcare reimbursement, and pharmaceutical co-pay assistance. The company also provides payroll and general-purpose reloadable cards, along with gift and incentive cards, addressing diverse client needs.
Paysign's recent performance highlights robust revenue growth, driven by its plasma business and the patient affordability segment. The company's plasma revenue continues to be a cornerstone, while its patient affordability offerings show substantial growth, appealing to pharmaceutical companies as a comprehensive solution. As of Q3 2023, Paysign reported a 17% increase in revenue and a 29% rise in net income year-over-year, underscoring its strong operational momentum.
Financially, Paysign remains strong with increasing unrestricted cash and a significant rise in funds on cards. The company maintains a solid balance sheet and is committed to delivering sustainable growth and long-term shareholder value. With over two decades of experience, Paysign continues to innovate with fintech solutions tailored to the healthcare industry, outperforming larger competitors.
Paysign's strategic investments in technology and personnel are expected to drive further growth, with projections for significant increases in both revenue and adjusted EBITDA for the full year of 2024. The company also emphasizes strong customer service, offering 24/7 bilingual support through various channels.
For more information, visit paysign.com.
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