Point of sales company Mswipe is one of the early and notable players in the digital payments segment. Despite the wide adoption of digital payments, Mswipe hasn’t seen a similar rate of growth in its financial performance in FY20.

Mswipe has recorded 34.6% uptick in operating revenue which grew to Rs 348 crore in FY20 from Rs 258.5 crore in FY19. Unlike revenues, losses ballooned 2.5X to Rs 148.1 crores in FY20 from Rs 58.1 crore in FY19. 

Continue reading Mswipe losses balloon 2.5X in FY20; revenue grew by 43% to Rs 348 Cr at Entrackr.