6 July 10 - Ixaris – Turnover up 36%, strong future growth expected
Accounts just released for Lacomp investee company Ixaris reveal that the company now processes £100 million+ in payments each year, while in 2009 turnover increased by 36% - not a bad performance during a global recession!
Furthermore the business is looking forward to new initiatives that could generate superlative returns, with Ixaris directors stating in their latest accounts, "growth is expected to continue at a stronger rate than the previous year".
Ixaris specialises in the development of innovative global applications based on open-loop (VISA and MasterCard) prepaid card schemes, their principal activities being in the provision of online and physical payment solutions to merchants and consumers in various geographic and market sectors.
Ixaris delivers prepaid cards through its premier payment service, EntroPay, which allows consumers and businesses to receive and send instant payments globally, while they also offer a range of co-branded payment applications based on the EntroPay payments platform.
The company’s financial performance steadily increased in 2009 and appears to have been only moderately affected by the global recession: the growth in turnover is attributed, in part, to the resilience of Ixaris’ business model and its strong focus on providing greater value to users and clients through new product features, upgraded technology platforms and proactive account management.
Real-time currency conversion was launched in July and lifted transaction revenues. The service allows users to secure a competitive exchange rate and know the exact amount being charged to their personal credit/debit card before completing an EntroPay deposit.
Ixaris has also released a new version of its current product set, tailored to specific markets and geographies such as the United States of America, in preparation for innovations to be launched this year.
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