GFG Group sales grow by 19%
The Auckland-based provider of electronics payments software and services announced that its six month sales are on track to achieve 19% growth for the year as the number of customers able to access the company’s payment solutions is now more than 125 million in nearly 40 countries.
“Our business continues to perform well, especially in emerging markets in Asia and the Middle East,” said Grant Halverson, CEO of the GFG Group.
He added: “Our plans continue to reflect the rapid changes in the operating environment, and with the support of our current shareholders we remain debt-free, profitable and will grow our sales by 19% in 2009.”
The company has added five new card management institutions in 2009 and released two new payment platforms, Simfonie for mobile payments solutions and Cadencie for card management solutions based on Java.
Halverson also said that the decision to focus on emerging markets in the Middle East and Asia proved to be instrumental in the company’s growth.
“Our decision to focus on Asia, the Middle East and Australasia some 18 months ago now seems in hindsight like a strategic ‘masterstoke’ given how other developed economies are performing,” he said.
