26th July 2023 : ISX Financial EU Plc (“ISXPlc”) is pleased to present its Q2 Update for the year 2023.
The Company is pleased to advise that it continues to execute on its strategy of developing and exploiting payments infrastructure, with consumers offered a choice of electronic money, cards or Open Banking as payment channels.
Highlights:
- ISXMoney® UK launches services under its own UK SORT Code.
- ISXMoney® UK Integrated with the UK's Faster Payments Service & CHAPS.
- A strong performance resulted in an unaudited profit of €0.8m, for Q2 2023.
- Total Processing Volume (TPV) growth of 7.8% Quarter on Quarter (QoQ).
- Growth of Cash and Cash Equivalents by €1.5m (20.7%) QoQ.
- Our Net Assets per Share rose by €0.007 (6.7%) to €0.114 in Q2 2023.
ISX Financial CEO Nikogiannis Karantzis commented “These results continue to demonstrate ISX’s continuing profitable growth, whilst at the same time maintaining a high degree of product innovation and market expansion.
The launch of our UK eMoney service, with its own Bank Identification Code, aka Sort Code, is a significant milestone, that will allow ISX Financial to continue to build and offer other products based upon its in house developed payments infrastructure.
The ISX model demonstrates that growth, profits and innovation are not mutually exclusive.”
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