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Payfare (TSX: PAY) Turns Profitable in Q3 2023 with Strong User Growth
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Highlights
Global fintech company Payfare Inc (TSX: PAY) specialises in providing instant payment, mobile banking, and loyalty-reward solutions. It hosts a tech-based financial platform that allows financial inclusion and empowerment for next-gen workers worldwide. Through this platform, customers get a mobile bank account along with a debit card and many cashback rewards. Payfare platform is being utilised by many brands across the globe, such as Uber, Lyft, and DoorDash.
At the end of the third quarter of the year 2023, active users count of the company stood at 1,211,275, approximately 32% higher than the number of active users at the end of Q3 2022.
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