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NetCents Technology says signed up more merchants in first 3 days of September than in the entire month of May

Based on current pace, the firm is projecting a 2020 first calendar quarter surpassing a C$$2 million monthly processing volume

Crypto wallet
Average merchant processing revenues range from C$1,000 and C$200,000 monthly

NetCents Technology Inc. (CSE:NC) (OTCMKTS:NTTCF), the transactional hub for all cryptocurrency payments, has revealed that in the first three days of September it signed-up more merchants than it did in the entire month of May, building on its average 95% month-over-month increases.

In a statement, the Canadian company said that, during 2019, merchants adopting its burgeoning financial services platform are from eCommerce, Travel & Tourism, and Financial industries, located in North America and Europe.

It added that average merchant processing revenues range from C$1,000 and C$200,000 monthly.

Based on current pace, the company said it is projecting it will surpass a 2020 first calendar quarter with a C$$2 million monthly processing volume.

NetCents' noted that its proprietary Merchant Gateway program has shown compelling results with favourable monthly increases in transaction volume, average transaction value, processing volume, and new merchant sign-ups.

The firm is aiming to create a seamless and intuitive merchant terminal-enabled user experience for buying, selling and transacting with cryptocurrencies, leading to greater consumer trust and adoption.

Clayton Moore, Netcents founder & CEO commented: "In our race to win market share, we need merchant share.”

"We're removing one of the industry's largest pain points to advance both our technology and the industry," he added.

Contact the author: [email protected]

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Price: 0.46 CAD

CSE:NC
Market: CSE
Market Cap: $24.33 m
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