Paymentus Reports Record Third Quarter Revenue and Strategic Shift Toward Interchange Monetization
Paymentus (PAY) reported record third-quarter revenue of $372.2 million, representing a 19.8% year-over-year increase. The company demonstrated significant operational leverage, with adjusted EBITDA growing 38.6% to $49.7 million and margins expanding to 41.9%. Transaction volume also saw strong growth, increasing 20.1% year-over-year to 219 million processed transactions. Looking forward, management aims to reach a combined revenue and backlog target of $2 billion within the next 18 to 24 months. A key strategic shift involves monetizing interchange fees through new agreements, effectively turning a major cost center into a revenue stream. Additionally, the company is leveraging proprietary technology like BillWallet and Billeo to protect biller relationships against potential AI-driven disintermediation.