Posted Nov 22, 2022 8:00 am
This can let Hipay take a breath of fresh air. A report published in mid-November by the Federation of E-commerce and Distance Selling (Fevad) showed that sales of online products almost flattened (-2%) in the third quarter of this year, when they fell sharply in the first half (-15%). The sector is seeing its situation improve, which should benefit the expert in electronic payments. The latter has been tested in the stock market, in the context of rising inflation: its share price has fallen by no less than 77% since the beginning of the year, When it hit an all-time high on January 18 at €23.45. Financially, Hipay has performed satisfactorily compared to the sector average: its turnover for the third quarter increased by 16% in one year, to €14.3 million. The volume of payments increased by 18% to 1.7 billion euros.