- $400 million in transactions for the 9 month period ended March 31
- Record March quarter transactions of $205 Million
- Record transactions of $79.5 Million for the month of March 2021
- 26% quarter-on-quarter increase to 63 network partners
VANCOUVER, BC, April 6, 2021 /CNW/ - Banxa Holdings Inc. (TSXV: BNXA) (OTCQX: BNXAF) (FSE: AC00)
BANXA, a Payment Service Provider (PSP) with a mission to build the bridge between traditional financial systems, regulation and the digital asset space has announced it's Total Transaction Value (TTV) results for the month of March 2021. The company recorded $79.5 million AUD in total transactions, up 13% since last month ($70.4 million) and up 696% on the same reporting period in March 2020. This brings the TTV for Jan-Mar 2021 quarter to $205 million AUD. This is a 793% increase from Previous Corresponding Period (PCP). Banxa also reported over $400 million in TTV for the nine month period ended March 31.
Holger Arians, CEO of Banxa, said "The digital asset industry has been undergoing a period of sustained and continuous growth. This has driven interest throughout the market. The sudden influx of new users on exchanges and wallets has driven higher demand. However, the interest in Banxa is largely decoupled from digital asset pricing. There's interest irrespective of price. If the market moves downward, clients buy the dip. If it moves upward, new entrants enter the market for the first time. Holger adds,"This has placed some strains on the services of digital asset service providers, including Banxa. We have scaled up our Customer Experience and Support teams to cope with that extra demand."
In addition to reaching these milestones in the quarter, the company has also grown it's partner (B2B customer) network from 50 to 63, an increase of 26% from the prior quarter. To view our latest investor webinar please click on the following link:
https://bit.ly/BNXA-Webinar-31March2021
ON BEHALF OF THE BOARD OF DIRECTORS
Per: "DOMENIC CAROSA"
Dominic Carosa
Chairman (1-888-218-6863)