Monext reaches the 5 billion payment transactions mark

In 2021, Monext processed 5 billion transactions and confirmed its position as a key payment player with growth of over 24%.

Monext has consolidated its unique strategy, based in particular on personalised payments suited to every need. All Monext’s services are in line with this principle to assist our clients with simplicity and commitment to their development goals.

A record year

Monext confirmed its leading position on the French payments market, with in particular:

• On-line business up 28% (+12 points compared to the French market¹), exceeding 800 million transactions, i.e. around 40% of the French market.[1]
• In-store business up 23% and exceeding the 2.6 billion transactions mark.
• Issuing business recording growth of around 20% to reach 975 million transactions.

Monext Retail services for merchants have attracted new references such as La Redoute and Taxi G7.

Spurred on by the specific situation over the last two years, which acted as an accelerator for some uses, “SoftPOS”, the latest of Monext’s services, transforms any Smartphone into a payment terminal. It is already in a pilot phase with several major French banks.

For Monext Bank & Fintech, the mobile payment service was a great success among both conventional banks and fintechs.  

Monext recorded €92.3 million in turnover (up 8.6%). Monext is also planning to hire more than fifty employees in 2022 to support its growth.

What are the prospects & ambitions for 2022?

“The value of the payments market will double by 2030. Monext is in a perfect position to support its clients and prospects in this respect, particularly through a comprehensive range of services and tried and tested technological capacities.

As a Payment Institution, we are stepping up our development through a full-service offering, with a unique and hybrid position as both processor and acquiring bank, which already attracted the first great references of e-commerce in 2021.

Our financial robustness allows us to step up our investments in line with market requirements: clients and customers expect increasing levels of immediacy and seamlessness!

Monext is striving to become the agile leader of payment services in Europe… and is giving itself the means to achieve this!” reports Guillaume Prin, Chairman of MONEXT.

Key figures for 2021.

5 billion transactions.

40% market share for on-line business (more than 800 million transactions).

975 million transactions processed for the 30 million cards we manage.

€92.3 million in turnover.