The iSignthis Ltd (ASX: ISX) share price has risen 12% today and 113% so far during 2019.
iSignthis describes itself as the RegTech leader in remote identity verification and payment authentication, as well as deposit taking, transactional banking and payment processing.
Since 22 January 2019 it has added 13 new merchants live on its Tier 1 network in the European Economic Area.
The company said that each merchant is ramping up its GPTV in accordance with the company's expectations. Daily processing volumes have grown by 260% between 1 February 2019 and 1 April 2019.
Actual GPTV on a current recurring basis has now exceeded $302 million, when the daily figures are annualised. iSignthis now expects further acceleration of the daily processing turnover volume as additional contracted merchants are onboarded.
The company said it has eliminated many third party processing costs with gross profit is now approaching the company's guidance. However, this doesn't include Probanx, Baltic Banking Services, Paydentity (including processing), and EMA operations.
