Apriva announced that its point-of-sale (POS) gateway processed transactions in excess of $9.55 billion in 2013, representing a 17.3 percent gain over the volume the company processed in 2012. Apriva also reported corresponding gains in multiple product lines, including mobile payment acceptance, and unattended payment services, as well as its core gateway services.
“We are very pleased with the company’s performance in 2013, and are confident that our strategies and product plans will enable Apriva to continue its strong growth in 2014,” said Chris Spinella, chief executive officer for Apriva, in a prepared statement. “What’s particularly heartening is that our growth occurred in multiple product sectors and lines of business. Given the fact that we have brought a number of new distribution partners on board, and that many of our existing channels have bolstered their efforts to deliver mobile commerce solutions to merchants and consumers, we have every expectation that Apriva will continue its leadership position throughout the coming year.”
According to Apriva’s figures, growth was strong in multiple product lines. The company reported a 300 percent increase in its mobile payment software, which is used by merchants to accept card payments on both smartphones and tablets. The software is offered both as an AprivaPay™ Plus branded solution, as well as a white-label offering through leading merchant services providers and financial institutions. Currently, two of the top five U.S. banks have private-labeled the AprivaPay Plus product, and 15 U.S. banks are selling the product with private-label brands of Apriva channel partners.
In addition, the company also said its cashless payments technologies have now been deployed at over 250 university campuses in the U.S. and Canada, and that over 30 payment processors and financial institutions now rely on Apriva’s gateway to conduct mobile commerce transactions.
“Apriva’s strong 2013 performance is certainly not surprising, given the company’s reputation, broad range of product offerings, and wide distribution channel,” said Pradeep Moudgal, director of Mercator Advisory Group’s emerging technologies advisory service, in a prepared statement. “Apriva is one of only a select group of technology vendors that can offer secure solutions that touch most aspects of the mobile commerce ecosystem, including rapidly evolving areas like mobile marketing, analytics, and integration with third-party developers. Considering the strong growth we’re seeing in this sector, there’s every reason to believe that Apriva will surpass its 2013 volume this year.”
