Hyperwallet builds on success with ranking as top cross-border payment service provider
Hyperwallet, a top global payouts provider to the new economy, today announced that it has been named as one of the top ten payment providers in thePYMNTS.com X-Border Payments Optimization Tracker™. This ranking comes as Hyperwallet continues to build momentum in the global payouts space with a string of notable client wins and platform numbers exceeding expectations.
Hyperwallet has built on the success it experienced 2015, recently adding 1stdibs and OnFrontiers to its growing list of on-demand/marketplace clients. The total number of independent contractors, workers, and sellers on the Hyperwallet platform has soared to nearly 8 million, up from 5 million in December. To meet the needs of this multiplying user base, the company now boasts an impressive global processing volume of more than 3 million transactions every month. With the upcoming launch of its payout API, which is currently in open beta, Hyperwallet expects those numbers to continue to climb.
“We’re thrilled to have PYMNTS.com recognize Hyperwallet as a leader in cross border payments,” said Brent Warrington, Hyperwallet CEO. “Driven by constant improvements to our payout platform and our growing roster of clients, we’re confident that Hyperwallet’s current pace of growth will continue. 2015 was a record year for Hyperwallet, but 2016 is going to blow it out of the water.”
Hyperwallet’s top PYMNTS.com ranking comes from the X-Border Payments Optimization Tracker™, a monthly report on the trends and players driving cross-border payments. PYMNTS.com evaluates leading cross-border payment service providers on six distinct categories: Payment Methods, Geographies, Fraud Tools, Risk/Compliance Services, Developer Toolkits, and Omnichannel. Hyperwallet scored particularly well in the Geographies and Risk/Compliance Services categories with industry-wide rankings of 6th and 8th, respectively. Other payment companies listed alongside Hyperwallet in PYMNTS.com’s top 10 include Vantiv, Worldpay, and Stripe.