Paysafe Flags Payments Slowdown as Digital Wallets Volume Rises 1% in Q3
By PYMNTS
AI summary of the source article
Paysafe reported that its digital wallets gained users in Q3, but payment volume rose just 1% as weakness in cryptocurrency and financial trading weighed on the business. Companywide payment volume growth slowed in August and September after expanding in July.
Key facts
- Paysafe's digital wallet payment volume rose 1% in Q3 as cryptocurrency and financial trading weakness weighed on performance.
- Digital wallets gained users during the third quarter despite the minimal volume growth.
- Companywide payment volume grew at a high-single-digit rate in July before slowing in August and September.
Source excerpt · PYMNTS
Paysafe’s digital wallets gained users in the third quarter, but payment volume barely grew as weakness in cryptocurrency and financial trading weighed on the business, according to earnings results released Thursday (Nov. 12). Companywide payment volume grew at a high-single-digit rate in July before growth slowed in August and September, according to management commentary on […] The post Paysafe…