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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) will announce its second quarter financial results after the market close on August 10, 2021. A webcast discussing these results will follow at 2 p.m. PT (5 p.m. ET) the same day, available on the company's investor relations website. Paymentus is recognized for its cloud-based bill payment solutions, serving over 1,300 billers in North America and approximately 16 million users as of December 2020. The Instant Payment Network™ enhances its capabilities for integrated billing and payment services.
Paymentus Holdings announced the pricing of its initial public offering (IPO) of 10,000,000 shares of Class A common stock at $21.00 per share. The underwriters have a 30-day option to buy an additional 1,500,000 shares. Trading is set to begin on the New York Stock Exchange under the ticker symbol PAY on May 26, 2021, with the offering closing expected by May 28, 2021. Prominent financial institutions including Goldman Sachs and J.P. Morgan are leading the underwriting team.