SafetyPay announces record growth

Rapidly growing

SafetyPay, has announced record growth in transactions processed, as well as record growth in the value of transactions processed. Their real time safe online-banking payment solutions enable consumers to shop from merchants worldwide and pay directly from their bank account in their local currency.

Transactions for the year of 2012 increased 149% over 2011. Likewise, the dollar value of transactions processed increased by 88.5% in 2012 over 2011.

“Our operations are growing in multiple dimensions,” said Manuel Montero, CEO of SafetyPay. “Not only are we growing transactions in each country in which we operate, we are also adding new markets on a steady basis.” SafetyPay currently operates in twelve countries, with merchants in many more countries around the world accepting payment through their online-banking payment solution service.

SafetyPay focuses on recruitment of merchants and banks, which both benefit from lower costs and increased security compared to other online payment methods. Though consumers do not register with SafetyPay to use the service, the company provides both merchants and banks with marketing support to increase consumer awareness and adoption.

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