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Paysafe reports Q1 revenue increase but losses also grow

Paysafe reports Q1 revenue increase but losses also grow
11th May 2021
| By Marese O Hagan
Payments platform Paysafe saw a $17.7m rise in revenue in Q1 year on year to $377.4m, but also saw $2.0m net loss increase because of administrative costs, in its first results since going public in a merger with Foley Trasimene Acquisition Corporation.
Total revenue came to $377.4m, an increase of 4.9% compared to the first quarter of 2020. Paysafe credited this to growth across its eCash platform, which grew 63.3% in revenue year on year.
Paysafe’s Integrated Processing and Digital Wallet software revenue dropped by 4.9% and 12.5% respectively, while $7.3m of revenue was canceled out through intersegment eliminations. ....

Integrated Processing , Digital Wallet , டிஜிட்டல் பணப்பை ,

(PSFE) - Paysafe Stock Tumbles On Q1 Earnings Miss, EBITDA Margin Contraction; Raised FY21 Revenue Guidance

(PSFE) - Paysafe Stock Tumbles On Q1 Earnings Miss, EBITDA Margin Contraction; Raised FY21 Revenue Guidance
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Philip Mchugh , Paysafe Ltd , Cash Solutions , Digital Wallet , Payment Volume , Integrated Processing , பிலிப் மகஂகூ , பணம் தீர்வுகள் , டிஜிட்டல் பணப்பை , கட்டணம் தொகுதி ,