Guavapay Transforming All Things Payments With Technology Innovation
Guavapay, the global financial solutions provider has announced that it recorded accelerated revenue growth quarter-on-quarter spanning financial year 2024.
The company founded in 2017 and headquartered in London, UK has witnessed a significant increase in its overall customer base with annual revenue growth of 71% this year compared to 2023, while nearly tripling the size of their London office team in response to the growing global demand for accessible financial options.
Speaking about the company’s consistent growth, Kamal Hasanov, Group CEO- Guavapay, said: “Customer centric technology innovation at Guavapay has been central to our growth.
“Our sales have steadily increased each month, with corporate clientele doubling each quarter this year with MyGuava Business alone.
“Our growing popularity and loyal customer base can vouch for our robust scalable solutions for both business and personal finance management.
“I see Guavapay is clearly positioned to lead the next-generation payment solutions, offering unparalleled speed, transparency and cost-effectiveness.”
As small and medium-size businesses are increasingly turning to non-banking cost-efficient payments solutions, Guavapay is at the forefront of providing solutions that meet the evolving needs of global businesses with real-time, affordable fund transfer, multi-currency accounts and advanced payment APIs.
The company’s in-house technology enables cost-effective solutions and operational efficiency for its customers, while partnerships with other organisations have helped to broaden the scope and capabilities of its products and services.
Guavapay has formed strategic partnerships with major players to expand global payment options and strengthen its financial infrastructure.
MyGuava Business partnered with Xero, Ecwid by Lightspeed and Adobe Commerce (Magento) to bolster its top-tier user experience in payment operations for business users.
Through its collaboration with PayPoint, MyGuava B2C account holders can now deposit cash into their accounts at over 28,000 PayPoint locations across the UK, enhancing user convenience.
In partnering with Snowdrop Solutions, Guavapay has integrated transaction enrichment into the MyGuava App, enabling users to view detailed transaction data with merchant names and logos for better transparency.
According to a recent report from Mckinsey, the global payments industry grew 7% annually from 2018 – 2023, with a forecast of 5% annual growth over the next 5 years stating the key differentiating factors for growth being innovation in payments technologies to stay ahead.
Guavapay’s growth signals the growing market share belonging to financial institutions that invest in next generation payment technologies with enhanced fraud prevention methodologies to handle high volume operational components while also ensuring regulatory demands for faster, efficient payment processes that maintain low costs for consumers and businesses.