(Boursier.com) — Hipay gained 3.1% to 5.3 euros after reporting a 22% growth in the volume of payments to 2.1 billion euros in the 1st quarter of 2023. Turnover also increased by 22%, to 16.4 million euros. During the quarter, HiPay recorded dynamic commercial activity, the impact of which on turnover should cover the entire financial year. HiPay therefore anticipates aiming for a new year of double-digit growth in 2023.
On its main market (retail France), HiPay is enjoying growth of 6%, in line with its objectives. This growth can be seen in its historical positions in clothing, electronics and even tourism. HiPay maintains very strong growth in the iGaming sector with a 40% increase in payment volume. The company also confirms its leading position in Belgium with the launch of a QR code payment product in physical game rooms.
HiPay continues its European expansion through the German market with the development of a payment module under Shopware 6. This ambition has been confirmed by the signing of WilTec Wildanger Technik GmbH, German leader on the technical products market. In Portugal and Spain, the commercial conquest continues with the launch in March of Smeg, an Italian manufacturer of household appliances.
In Italy, HiPay currently enjoys only a small market share, so the growth potential there remains intact. Despite a slight slowdown linked to a strong comparison base, the company strengthened its position in the furniture, travel, beauty and health sectors with alberoshop.it, traghetti.com and salimbeniprofumi.it.
In France, HiPay has 18 new customers, 27% of whom have chosen omnichannel, thus clearly demonstrating the great success of the Online to In-store unified commerce offer since its launch. HiPay continues to capitalize on its offer dedicated to tier-2 merchants, achieving between 1 and 100 million euros in annual payment volume, and displays numerous references over the quarter. Major launches have thus reinforced the increase in the volume of payments, including CentralePneus, La Fée Maraboutée, Christine Laure and Father & Sons.
©2023 Boursier.com