Paymentus Holdings, Inc. (PAY), a provider of cloud-based bill payment technology solutions, reported its first quarterly results following the company’s listing on May 26, 2021. The company delivered solid second-quarter results, backed by a 40% growth in the number of transactions processed. Together with the second-quarter results, PAY announced a cash and stock deal worth $152.2 million to buy Payveris, which will expand the reach of its proprietary Instant Payment Network to financial institutions. Shares rose 1.5% on the news and closed at $29.88 on August 10.
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Paymentus (NYSE:PAY)
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