SegPay Rings in New Year with 30% Revenue Growth; Credits Significant Expansion in Infrastructure and Offerings

FT. LAUDERDALE, Fla. (January 3, 2018) – SegPay, a global leader in digital payment processing, announced today that it finished 2017 on a strong note with 30 percent growth in overall revenue. It was the 12th consecutive year of revenue growth for SegPay – and a six percent jump year-over-year. SegPay implemented several new platforms and made significant upgrades in infrastructure throughout the past year and expects even more robust growth in 2018.

Among SegPay’s accomplishments in 2017:

  • Relocating its corporate headquarters to Deerfield Beach, Fla.
  • Unveiling an updated merchant portal.
  • Developing its “Ideas Portal” for merchants to contribute to system enhancements.
  • Introducing a robust affiliate marketing platform.

 

“These infrastructure investments paid off by helping us streamline operations and improve efficiencies,” said Cathy Beardsley, CEO of SegPay. “We look forward to continuing to grow in the coming year.”

Along with system enhancements, SegPay also invested in talent and skillset by expanding its staff to support several new clients, technology advancements and additional resource growth. Additionally, SegPay has seen strong growth among “cam sites” – where consumers pay to chat with models streaming live via webcam – having captured 10 percent of the marketshare in that space. The company plans to continue growing beyond the high risk merchant category and will offer more alternative payments options to help merchants convert more sales in Europe and Latin America.

“We look forward to building on the innovations we put in place in 2017, and can’t wait to see where 2018 takes us,” said Jeff Rosenzweig, VP of Operations at SegPay. “With our updated merchant portal and new affiliate marketing program in place, and our Ideas Portal giving merchants a strong voice about the tools and resources we build, we are better positioned than ever to grow our current business and attract more mainstream merchants who are looking for a reliable payment solution.”

To stay up-to-date with SegPay and keep up with new advancements in 2018, visit https://www.segpay.com.

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