Appendix 4C - quarterly
Appendix 4C - quarterly
Melbourne, Jan 22, 2018 AEST (ABN Newswire) - Australian Securities and Frankfurt Stock Exchange cross listed iSignthis Ltd (ASX:ISX) (FRA:TA8), the global leader in RegTech for identity verification and transactional banking/payments, is pleased to provide the following business update and Appendix 4C for the quarter ended 31st December 2017.

Highlights:

- Total recurring transactions (Tx) for the December quarter outperformed expectations, increasing +153% vs the September quarter:

o This outperformance was driven by stronger than expected platform usage from existing customers and the addition of new customers in November and December 2017

o The Company expects growth to normalise to more sustainable levels and provides guidance for the March quarter Tx volumes of approximately 30% QoQ

- Settlement processing for customers commenced in the quarter, with revenue booked for the first time and initial settlement GTPV values processed by customers are very encouraging.

- Unaudited revenue of A$553k for the December quarter, representing an increase of 100% from the September quarter

o Total unaudited revenue for the 1HFY18 of A$829k

- Cash Receipts for the December quarter increased to A$392k

- Subsequent to the end of the quarter, iSignthis announced last week that the partnership with Worldline to provide payment settlement services to EU based customers went "live". iSignthis will now move to contract its pipeline of prospective EEA merchants, and seek to onboard them as quickly as possible.

To view the full report with tables and figures, please visit:
http://abnnewswire.net/lnk/A4LFXZ46


About iSignthis Ltd

iSignthis LtdiSignthis Ltd (ASX:ISX) (FRA:TA8) is the global RegTech leader in remote identity verification, payment authentication with deposit taking, transactional banking and payment processing capability. iSignthis provides an end-to-end on-boarding service for merchants, with a unified payment and identity service via our Paydentity(TM) and ISXPay(R) solutions.

By converging payments and identity, iSignthis delivers regulatory compliance to an enhanced customer due diligence standard, offering global reach to any of the world's 4.2Bn 'bank verified' card or account holders, that can be remotely on-boarded to regulated merchants in as little as 3 to 5 minutes.

iSignthis Paydentity service is the trusted back office solution for regulated entities, allowing merchants to stay ahead of the regulatory curve, and focus on growing their core business. iSignthis' subsidiary, iSignthis eMoney Ltd, trades as ISXPay(R), and is an EEA authorised eMoney Monetary Financial Institution, offering card acquiring in the EEA, Australia and New Zealand.

ISXPay is a principal member of Visa, Mastercard, Diners, Discover, (China) Union Pay International and JCB International, an American Express aggregator, and provides merchants with access to payments via alternative methods including SEPA, Poli Payments, Sofort, Trustly, WeChat, AliPay and others.

Probanx Information Systems Ltd (Probanx), a wholly owned subsidiary of iSignthis Ltd, is an international banking software company which has been serving the banking industry since the year 2000 by developing comprehensive banking software solutions to financial institutions around the globe. Probanx offers web-based banking solutions using the latest technology and international standard business rules. Our customers are located on five continents and supported from our technical centres in Europe and Australia.

iSignthis' Probanx delivers core banking software, including a fully comprehensive and versatile banking solution for retail, corporate and private banks, emoney and payment institutions, offering capabilities that up until now were affordable only by large commercial banks.

Read more about the company at our website http://www.isignthis.com

For more information, please contact: contact@isignthis.com

      


Contact

iSignthis Ltd
T: +61-3-8640-0990
F: +61-3-8640-0953
E: investors@isignthis.com
WWW: www.isignthis.com



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