Financial highlights for the first quarter included a 100% increase in total revenues to US$10.3 million, with processing revenues surging 797% to US$4 million and multi-currency revenues rising 34% to US$6.3 million
Quoted on London’s Alternative Investment Market, Planet Payment aims to take advantage of banks’ increasing tendency to outsource non-core activities. It makes its revenues from transactions processed through its systems, as well as from transactions of merchants that use the company’s other services.