|By Business Wire||
|December 3, 2013 10:09 AM EST||
Realex Payments (“the company”), a leading payment gateway in Europe, announced today that it processed a record amount of transactions during Cyber Monday, December 2nd. The company processed payments valued in excess of €105 million, with transactions peaking between 10 a.m. and midday.
The traditional online sales bonanza day in the US, ‘Black Friday’, which this year fell on November 29th, was also a busy day for Realex Payments, with €95 million being processed by the company.
Colm Lyon, Realex Payments founder and CEO said “Traditionally the first Monday in December, Cyber Monday sees online sales soar and it didn’t disappoint this year. Our volumes peaked between 10 a.m. and midday and we’re continuing to see high volumes go through our systems. What’s interesting to note is that the busiest day for us in 2012 was Monday, December 10th when we processed €80 million, so we may yet see higher volumes over the next week.”
Key Cyber Monday statistics:
- Realex Payments processed €105 million on Cyber Monday.
- The busiest hours for transactions on Cyber Monday was between 10 a.m. and midday GMT.
- At its peak, the company processed almost 50,000 transactions per hour during Cyber Monday.
Realex Payments is experiencing significant growth at present, particularly in the UK which is now its largest market in terms of revenue. The company is about to relocate its London office and expects to double its headcount there over the next 12 months.
About Realex Payments
Realex Payments processes payments for over 12,500 online retailers, including some of the world’s leading brands – Vodafone, Aer Lingus, Virgin Atlantic, Paddy Power, 32Red, and notonthehighstreet.com. Realex Payments employs 170 people, has clients in 30 countries and offices in Dublin, London and Paris. In addition to having thousands of small, medium and large corporate clients, the business has also developed strategic partnerships with some leading international payment companies such as Elavon Financial Services and Global Payments (formerly HSBC Merchants Services) for whom it provides a managed service for online payments.