The payment company continues to experience strong growth and today announced the ninth consecutive year of sustained revenue growth.

Realex Payments today announced revenue growth of 8% in the financial year to the end of April 2010. The year end statements show the company had turnover of €7.0 million in the financial year to the end of April 2010, up from €6.5 million the previous year.

Pre-tax profits increased by 9% reaching €783k leaving Realex Payments with accumulated profits of more than €3.0 million at the end of April last.

Announcing the results founder and CEO Colm Lyon said “I’m delighted to say that 2010 has been a very positive year for Realex Payments, despite it being a very challenging year economically.”

Key financial highlights:

• Revenue growth increased 8% to €7 million.
• Pre-tax profits increased by 9% reaching €783k
• Accumulated profits of more than €3 million.

While the year-end figures for 2010 are impressive, Realex Payments has also experienced an increase in the value and volume of transactions processed.

Additional transactional highlights:

• The value of payments processed in the last 12 months increased by 44% to €9Bn.
• In excess of €1Bn was processed in November –double what was processed during the same month last year.
• The volume of payments processed by the company also increased by 26%.
• Consumers are spending more money online: the average transaction value in November 2010 was €252, increasing from €182 in November 2009.
• Online entrepreneurial sprit is still buoyant – the amount of new businesses signing up to the company each month has increased steadily throughout 2010. In November the Realex Payments signed up 180 new companies to their service.

Lyon is still the majority shareholder in the Realex Payments, owning 79% of its shares at the end of April last.

“Our focus is expansion; we have a strategy in place that calls for ambitious plans to grow and scale our business, particularly abroad. We recently launched in the French market and plans are already afoot for further European expansion.” Lyon said.

“We’ve witnessed a significant uplift in terms of the value and volume of payments we’ve processed in the last 12 months. We processed in excess of €9Bn in 2010, with €1Bn processed during November alone.” Lyon continued.

A key component of the expansion plans for the company is the launch and rollout of its subsidiary company Carapay in 2011. Carapay is a new payment instrument and was the first company to be awarded a licence under the Payment Service Directive (PSD).

Realex Payments celebrated ten years in business earlier this year and with the current expansion plans, the company is currently on a recruitment drive and has an 15 roles  advertised on their website.

Contact Information:

For further information or clarification please contact: Tracy Glynn, Head of Marketing at Realex Payments + 353 87 6684 667

About Realex Payments:

Realex Payments is a leading European payment service provider. Headquartered in Dublin, Ireland, the Company also has offices in London and Paris. Founded in 2000 by award winning entrepreneur Colm Lyon, the company provides a broad range of payment services to small and large businesses as well as financial institutions.

Realex Payments process billions of euro per annum for merchants domestically and internationally, across a wide range of industries including airlines, mobile carriers, utilities, insurance companies and gaming companies. Clients include Virgin Atlantic, Vodafone, The AA, AXA Insurance, Aer Lingus and more recently Cryptologic was added.

For more information, contact Tracy Glynn, Head of Corporate Marketing at Realex Payments. Tel: +353 87 6684667/ +44 788 44 33 960 www.twitter.com/realex_tracy