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Why You Shouldn't Ignore Repay Holdings' Second-Quarter Results

Why You Shouldn't Ignore Repay Holdings' Second-Quarter Results

Cash has long been falling out of favor as consumers shift more of their transactions to digital payments in many developed markets, but some industries have been holdouts. Specifically, lending, debt repayment, and business-to-business transactions are still heavily reliant on cash, checks, and legacy ACH (automated clearing house) to make payments. Thanks in part to a few acquisitions it made last year after going public via a special purpose acquisition company (SPAC) arrangement, as well as increases in digital payments activity, Repay notched 63% growth in card payment value to $3.6 billion during Q2.