CPAY Q2 2024 Report Deep Dive

Introduction

Q2 2024 has ended, and it marked a remarkable period for CPAY, with continued development and significant usage growth. This period saw major updates to our products and notable growth in both the number of merchants and transaction processing. In this article, we highlight our past successes to give readers an understanding of what has achieved CPAY in Q2.

‍

Updates, New Features, and Improvements

We have made several enhancements to our flagship product, CPAY Gateway, including:

- Separate Transaction History Page: Enhanced user experience with a dedicated page for transaction history.

- New Home Page Widget: Improved accessibility for sending, receiving, and swapping crypto directly from the home page.

- New WooCommerce Crypto Payment Plugin: Seamless integration for e-commerce merchants to accept crypto payments.

- Faster Transactions: Accelerated processing on Bitcoin and Ethereum networks.

‍

In addition, our CPAY Infrastructure services have integrated new blockchain networks:

- Blast Network

- TON Network

New KYC & AML Services

We are excited to share that we have initiated the development of a comprehensive KYC & AML verification platform. It will be an all-in-one platform for KYC services with automated user verification to verify addresses, payment methods, faces, documents, and proof of funds to stay compliant. By Q3, merchants will be able to process user verifications through our new service.

Read more about KYC & AML Services - https://cpay.world/kyc

‍

Data Insights

Q2 highlighted the continuous growth for CPAY related to onboarding merchants and the volume of transactions:

- Transaction Growth: A 234% increase in the number of transactions compared to Q1, with total processed payments reaching $9 million USD in Q2.

- User Growth: A 7% increase in new monthly registered users.

‍

Conclusion

Q2 2024 has been a transformative period for CPAY, marked by significant product enhancements, the addition of new features, and notable growth in merchant engagement and transaction volume. Our continued focus on innovation, security, and user experience has strengthened our position in the market.
As we move into Q3, we are excited to further expand our offerings with the upcoming KYC & AML platform, new platform’s features and look forward to continued growth and success. Thank you for being a part of the CPAY journey.

Stay tuned for more updates and advancements in the coming months.