Segpay is pleased to announce that it finished 2020 up significantly in overall revenue, capping one of the most successful years in the company’s 15-year history. This growth was fueled by CAM merchants which outperformed all other market niches representing more than half of Segpay’s transaction volume, growing 55% year over year. Subscription-based merchants also powered Segpay’s growth, up 33% year over year.
“We made CAMs our focus five years ago and modified our system, streamlining and simplifying the checkout process to best support this segment,” said Segpay CEO Cathy Beardsley. “Our risk tools are configurable by merchant, country, and user-level bringing flexibility to serve each merchant’s unique needs and requirements.”
This year commemorated Segpay’s 15th year in business and despite the challenges of the pandemic, it overcame and thrived. Among the many accomplishments in 2020, Segpay added dozens of new clients, integrated PayPal into its payment processing platform, obtained its EU Payment Institution license ahead of Brexit, opened its European Union office in Dublin, and much more. For the full release please see Segpay’s Newsroom article.