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Realex processed 35 Bln in year to April

Written by Sim Pinder, on 27th May 2016. Posted in Financial

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Realex announced this week a €7 billion rise in the value of payments processed annually, an increase from €28 billion as of April 2015 to €35 billion as of April 2016.   

Realex Payments was founded in Dublin in 2000 by entrepreneur Colm Lyon and is now one of Europe’s largest payment solution providers supporting in excess of 13,000 clients. 

Realex boast of clients including Virgin Atlantic, Paddy Power, Aer Lingus, Aviva and The AA. 

The company provides a broad range of payment gateway services and processes transactions; supporting a range of businesses with card transactions in situ and online.

Managing Director at Realex Payments Gary Conroy, commenting on the results said; “This increase in transactions stems from our growing customer base in Ireland and internationally. Over the past 12 months, we have added a significant number of new businesses to our expanding customer base. As our customers scale, and as online payments evolve, we continue to invest in product innovation that drives more consumers to buy online.”

In the past 12 months Realex have Signed a two-year contract with allpay, a UK bill collections business, who process £1 billion of payments annually. 

Realex also signed a three-year contract with Aviva, the UK’s largest insurer, as a customer in the UK, processing 200,000 monthly transactions.

Just before Christmas Realex recruited staff for 50 new jobs in its offices on Sir John Rogerson’s Quay, Dublin. Positions were across a variety of roles in sales, marketing, IT operations and software development as well as expanding its technical graduate programme.

Source: www.businessworld.ie

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