Openpay Reports Record Growth Across Leading Indicators During Fourth Quarter

  • Jul 15, 2020 AEST
  • Team Kalkine

Openpay Group Ltd (ASX:OPY) achieved record growth across leading indicators in the fourth quarter (period ended 30 June 2020.)

  • Active Plans increased 229% as compared to the previous corresponding period.
  • Active customers made a new record, with a growth of 141% seen relative to pcp.
  • Active merchants also grew 52%.

The total transaction value grew to a record A$192.8 million for FY2020, up 98.2% on pcp. Revenue grew by 45% to A$4.5 million. Considerable shift to online noted, with Openpay Australia online channel contributions growing to 39% of plan originations for Q4 FY2020.




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