Paymentus Holdings, Inc. reports developments tied to its cloud-based bill payment technology for billers and financial institutions across North America. The company’s omni-channel platform supports electronic bill payment through online, mobile, IVR, call center, chatbot, voice and digital wallet channels, while its Instant Payment Network connects partner platforms and billers to integrated billing, payment and reconciliation capabilities.
Recurring Paymentus news includes quarterly earnings, transaction and biller trends, contribution profit and adjusted EBITDA measures, product announcements such as Billeo and BillWallet, and investor conference participation. Updates also address payment channel adoption, customer experience technology, and platform expansion within electronic bill presentment and payment services.
Paymentus Holdings, Inc. (NYSE: PAY) announced participation in upcoming investor conferences. Management will speak at the J.P. Morgan 2022 Global Technology, Media and Communications Conference on May 25 at 1:50 pm ET and the Baird 2022 Global Consumer Technology and Services Conference on June 7 at 4:20 pm ET. Live webcasts and replays can be accessed through Paymentus’ investor relations website. Paymentus specializes in cloud-based bill payment solutions, serving over 1,700 billers across North America.
Paymentus Holdings reported a strong first quarter for 2022, with transactions increasing by 41% year-over-year and revenue rising by 27% to $116.7 million. Gross profit also grew by 27% to $34.9 million, while contribution profit saw a significant 35% increase to $47.4 million. The company signed approximately 50% more new clients compared to the previous year. For 2022, Paymentus raised its contribution profit outlook, anticipating growth of 30-31% and a revenue forecast between $492 million and $497 million.
Paymentus Holdings Inc. (NYSE: PAY) announced its participation at CS Week Conference 46, scheduled for May 4-5 in Phoenix, AZ. The event will feature presentations on key topics such as credit card payments in the field and payment platform replacement, showcasing how Paymentus enhances payment processes for utility providers. Notable speakers include leaders from ConEd and Puget Sound Energy. Paymentus aims to drive innovation through improved consumer digital payment experiences and will host a booth (#113) at the conference.
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%.