HiPay Group Announces Strong First Quarter Results for 2024

HiPay, a leader in omnichannel payment solutions, has reported a significant growth in the first quarter of 2024 with a 5% increase in revenue, amounting to 17.3 million euros, compared to the same period in 2023. This growth is coupled with a 3% rise in payment volume, reaching 2.2 billion euros.

The company gained 163 new customers primarily in the retail sector, contributing to this growth. Trending sectors such as iGaming and digital payments continue to expand, supporting robust revenue flows from outside France, which accounted for more than half of the total revenue.

HiPay maintained its market presence in France, striking over 163 new deals in the retail sector. Continued growth in POS transaction revenues, which have surged by 56.1% since the first quarter of 2023, and steady gains in other business units, underline HiPay's strong performance across its operational spectrum.

Looking ahead, HiPay projects its revenue for 2024 to grow by 6% to 9%, driven by new customer acquisitions and ongoing market trends. The company also expects to maintain or improve its profitability in comparison to 2023.