IFX Payments reports another record year

Despite the challenging and volatile economic conditions in 2022, IFX Payments is set for another record milestone as annual revenue has increased by over 30%.

In 2022 alone, IFX Payments has grown at a rapid pace as more and more clients realize the benefits of performing their own currency risk management and managing their cross-border payment needs through IFX’s self-service multi-currency digital wallet – ‘ibanq’. It is this product that has driven an increase in payment volume by 258% and currency trading by 234% throughout the year; and appears to be a continuing force behind the organization’s strategy into 2023.

Through the success of its existing offerings, the company has set out to recruit some of the best talent in the industry and has grown its employee base by over 25% with a view to developing new and exciting solutions tailored to reflect each client’s business model to save them both time and money.

With strong regulatory and operational foundations reinforced through 2022 and beyond to invest in its state-of-the-art payment products, IFX will expand its functionality, with new incoming and outgoing payment routes and currencies to be released in early 2023 coupled with a commitment to deliver faster settlement speeds and more secure payment processing for its existing 10,000 strong customer base.

Will Marwick, CEO of IFX Payments says: “Despite the current global economic turmoil, our record-breaking results are testament to the team at IFX working extraordinarily hard to make this the successful business it is. By focusing on scalable back-office functionality, implementing new regulatory protocols and investing in real talented individuals, we have been able to deliver a faster and more secure payment offering for our customers, while optimizing the financial performance of the business.It is through building this foundation that we have also been able to develop exciting new capabilities that we look forward to sharing with our customers in early 2023.”

IFX Payments was founded in 2005 to offer tailored FX solutions to both corporate and retail clients. With offices in London, Amersham, Warsaw, Dubai and Australia, their success to date has been built on proprietary banking technology aimed at managing risk and delivering tailored and secure global payment solutions.