Mswipe's Booming Success: Over 100% Growth in FY24

Mswipe Technologies has achieved over 100% growth in Total Payment Volume in FY24, marking a significant rise in its revenue to Rs 275.4 crore and a cash profit of Rs 4.5 crore. The increase is attributed to the rapid adoption of its QR soundbox terminal, Boombox.

Mswipe Technologies, a prominent name in payment solutions, has announced an impressive over 100% year-on-year growth in Total Payment Volume (TPV) for FY24.

The company's revenue increased to Rs 275.4 crore, up from Rs 259.2 crore in FY23 and Rs 247.8 crore in FY22, with a cash profit of Rs 4.5 crore. This growth is largely attributed to Mswipe's QR soundbox terminal, Boombox, which has seen rapid adoption.

Demonstrating robust revenue generation alongside financial discipline, Mswipe has an annualised run rate of USD 12 billion as of October 2024, and has achieved EBITDA and cash profitability.

(With inputs from agencies.)