UK-based global payments platform Transact365 has announced that it recorded a 300% growth in its European operations year-over-year (YoY).
According to the announcement, Transact365’s chargeback ratio has fallen to a record low of 0.004% because of an increase in transaction volumes. The payment solution fulfills PCI level 1 compliance while offering 24/7 customer service. It also ensures encryption via Transport Layer Security and Secure Socket Layer (SSL).
Transact365 Reaches Several Milestones
The company has also announced several milestones it has reached, including expansion milestones. The firm rolled out its payment services in Latin America and India this year while it keeps expanding its presence in Australia, Europe, and Asia.
Chief Executive Officer of Transect365, David Lambert, stated that the level of growth the company has achieved over the years is a testament to its goals to reach a wide spectrum of users around the world. The growth also shows an increasing demand for investors who want to access both emerging and established markets via sophisticated payment systems. In the past, the lack of payment gateways has made it difficult to access all these markets. But this issue has been tackled by Transact365 which connects merchants with consumers all over the world.
He added that the company has been able to keep a growth rate of more than 200% since it was launched. This represents a scale-up potential of the payments sector, Lambert reiterated.
Transact365 Is Focused On Increasing Its Transaction Volume
Transact365 was established in 2017, but it has grown impressively to become one of the UK’s most popular global payment solutions. The company said its European revenue increased by 700% between June 2021 and June 2021. Lambert says Transact365 has grown its popularity over the years, but it still wants to expand its services to other emerging markets.
“Our mission remains the same: increasing the volume of transactions taking place on our platform,” he stated.
It also wants to build its network of local partners and merchants in both emerging and established markets. While pursuing these goals, Transact365 will focus on details that drive down things, such as its chargeback ratio, to record lows.