NetPay Solutions Group has today announced their move to bigger offices in Southampton as the business continues to grow and with ambitious expansion plans in the pipeline.
NetPay provides card payment services to thousands of businesses across the UK and Ireland and has experienced exponential growth over the last four years since the business was set up in 2012. More recently the business has licensed its unique, award winning payments technology to other industry providers including acquiring banks. The move provides NetPay with the capacity to grow to more than 120 people in its Southampton offices.
NetPay continues to materially invest in its business and the advancement of its underlying technology hiring highly skilled developers from all over the world who have studied at universities across the South Coast through its close affiliations. This investment has enabled the business to deliver unique capability to the card payments industry and provide differentiation for its proposition.
Carl Churchill, Managing Director, NetPay Solutions Group says “NetPay is continually looking to the future of payments, not just the here and now. The growth in contactless and online payments over the past two years has been exceptional; Contactless now accounts for 18% of card spending – up from 7% a year ago. eCommerce has grown by 13% from 2015 to 2016 with June this year having record online spend of £12.6bn.
We want to help every business get access to these payment services and, in turn, open up opportunities to generate new revenue and improve their cash-flow. We know that contactless and online payments will not stop there, we will continue to innovate and having the space to expand our team is essential to ensure that we remain at the forefront of the sector. We have some exciting developments planned with new services coming to market as well as some large customer wins, it’s an incredibly exciting time here at NetPay and the new offices give us a great base to support our growth”