2020 forced us to change the way we live our day-to-day lives and the availability of financial services is now more crucial than ever. The COVID-19 pandemic has created new opportunities for digital payments and financial services to accelerate amid social distancing.
Undeniably, technology is changing the landscape of the financial sector. It is more necessary than ever to make sure all financial services are first and foremost accessible, with the focus also shifting to bettering these services to be more practical, secure as well as user-friendly. This includes the simple fact of not having to go to a bank during the lockdown and having financial services available digitally.
To better visualize the numeric growth, we have put together a small infographic to further demonstrate the increase since starting off in 2015.
EveryPay started its journey in 2015 with only 24 merchants. In 2020, we have managed to increase the number of merchants to 2024.
The number of payments processed by our platform in 2015 was just shy of 10 000. In the past year, we successfully processed almost 6.5 million transactions. That is almost a staggering 723-fold growth in the number of payments processed since EveryPay started operating as a payment gateway.
The turnover on successful payments in 2020 was almost 195 million euros, in opposed to 2015, when the sum was just a bit less than 2.5 million euros.
Keeping in mind the preferences of the end-user, we believe EveryPay is expected to grow even more in the upcoming years, as the digitalization of financial services is estimated to continue to accelerate at an even more rapid pace.