Splitit Payments Witnessed Record Growth in Q2 FY20, Stock up ~17%

1 min read | July 08, 2020 12:45 PM AEST | By Team Kalkine Media

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Splitit Payments Ltd (ASX:SPT) stated that its merchant sales volume grew to US$65.4 million, up by 260% compared to the second quarter of FY19 and up by 176% compared to the first quarter of FY2020.

Gross revenue for the quarter was US$2.4 million, an increase of 460% on Q2 FY19 and an increase of 246% from the previous quarter.

Splitit disclosed that total merchants increased to over 1,000, a rise of 104% on Q2 FY19.

Total unique shoppers of Splitit increased by 85% to 309,000 on the second quarter of FY19.

SPT quoted at A$1.600 climbed by 17.216% at AEST 12:08 PM.

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