PayFuture Technologies Reports 1000% Growth

PayFuture Technologies, a pioneering payment technology platform, has released data revealing its notable growth since launching in 2019.

PayFuture Technologies was founded by industry veterans experienced in the payments technology and cybersecurity space. It is now a world-leading alternative local payment gateway, focusing on providing innovative global payment technology in emerging markets.

The business has grown remarkably quickly since its launch, despite raising no finance from external investors and the founders bootstrapping its development. It has been in the black since its earliest days and has recorded a net revenue of £8,877,457 in 2022 – a 1000% increase from 2019.

The company now offers payment services in more than 40 countries and is on track to support two billion USD worth of transactions this year.

PayFuture’s Co-Founder and CEO, Manpreet Haer, commented: “These figures are a testament to our commitment to innovation, customer satisfaction, and market adaptability. From the outset, our vision was to establish ourselves as a leading global payment technology platform known for its diverse payment options tailored to each emerging market. By prioritising a seamless payment experience for both our merchants and their customers, we are successfully doing so – and empowering our clients to optimise their sales, profits, and customer loyalty. We are now well-positioned to further expand our footprint and influence in the payments sector.”

Driven by a combination of strategic initiatives and a dedicated team of experts, PayFuture Technologies anticipates continuing progress across key performance indicators:

• Market penetration: Building on its existing market presence, the business is set to enter new markets, solidifying its position as a leader in the fintech landscape.
• Product innovation: Innovation is at the core of PayFuture Technologies’ growth strategy, and the company continues to invest in research and development to enhance existing products and introduce cutting-edge solutions to meet evolving customer needs and market trends.
• Revenue: It forecasts a further increase in revenue, fuelled by a diverse portfolio of products and expanded market reach.

The business has also grown fast in terms of its headcount. Today, PayFuture Technologies employs around 90 people across the UK, Dubai, Malta, India, and the Philippines, with others based in remote offices across the world. Having a diverse location spread ensures the company is well-positioned to support its clients across all its key territories in the Indian sub-continent, Africa, Southeast Asia, MENA and Latin America.

As PayFuture Technologies continues its expansion into more emerging markets, it remains dedicated to its core values of integrity, innovation, and customer-centricity. The company looks forward to forging new partnerships, serving new markets, and delivering exceptional value to customers worldwide.