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Since launch, Transact365 has fast become one of the UK’s leading global payment solutions for merchants looking to access emerging markets. Between June 2021 and June 2022 we have recorded a 300% year-on-year growth in our third year of European operation. With transaction volumes increasing, our chargeback ratio has hit an all time low at 0.004% - to achieve this industry benchmark, we work especially close with all our merchants on a consultancy basis, providing 24/7 customer care all the while fulfilling PCI Level 1 compliance and ensuring encryption through Secure Socket Layer (SSL) and Transport Layer Security (TLS), backed at the application level by the RSA algorithm with a key length of 2048 bits.

The growth announcement is the latest in a series of recent company milestones. In 2022 alone, Transact365 successfully launched payment services in India and Latin America while consolidating our existing market presence in Asia, Europe and Australia. Furthermore in our second year of European operation between June 2020 and June 2021, we recorded a 700% increase in revenue.

David Lambert, CEO of Transact365, commented on the latest growth figures as a reflection of the growing demand from merchants for payment service providers offering payment gateways.

“The scale and pace of Transact365’s yearly growth reflects the increasing demand among merchants to access both established and emerging markets through sophisticated payment systems. Up until recently, accessing all these markets was restricted by the lack of payment gateways - a challenge that has been effectively resolved by Transact365 which connects merchants with consumers around the globe.

“The fact we’ve been able to maintain a growth rate of well over 200% since our launch reflects the scale-up potential of the payments sector.

“Our mission remains the same - increasing the volume of transactions taking place on our platform, building our network of merchants and local partners in both established and emerging markets, all the while focusing on the details and driving down things such as our chargeback ratio to record lows”.