End Of Year Recap - Crypto Payments
The rise of crypto payments is rapidly transforming the financial landscape, with expected global volumes of $9.28 billion this year (according to Insider Intelligence), disrupting an industry that has been long dominated by traditional finance.
In 2023, our subsidiary, SmartPay, established itself as a leader in this emerging new vertical – with a mission to bridge the gap, as crypto payments become mainstream and as seamless as traditional payments. Let's dive into some of our significant accomplishments.
SmartPay is growing alongside our merchants, bridging the gap between digital assets, traditional payment rails and more efficient commerce. The result? Instant settlement, no chargebacks, and 24/7 capabilities.
Let's dive into numbers:
YoY Volume Growth: +182%
YoY Transaction Growth: +238%
Total Transactions in FY23: 562,976
Our revenue growth had a 183% YoY increase with a strong second half of 2023.
Our Monthly Active Users are driving the volume, and we've welcomed 2X more merchants on board in 2023. Customer satisfaction? An impressive 98%.
Our diverse range of merchants spans 10+ industries, from iGaming to Auto Retail.
When it comes to preferred cryptos for deposits and withdrawals, BTC is leading the pack with over a 72% share for withdrawals. USD stablecoins continue to be a popular choice for our global merchants outside of Canada.
SmartPay provides WonderFi with a presence in the rising crypto payments vertical. We are excited for its continued growth as a global leader in this segment in 2024.
Stay tuned as we reshape the future of digital payments with SmartPay.
Learn more at wonder.fi/payments
Great work Jeremy Koven and team!!