Pushpay lifts ACMR by 40% over June quarter as it targets US faith sector

Tue, 12 Jul 2016

By Fiona Rotherham July 13 (BusinessDesk) - Pushpay Holdings, whose mobile payment app allows churches to raise money from parishioners, lifted annualised committed monthly revenue (ACMR) to US$27.3 million (NZ$38.77 million) over the quarter to June 30, up nearly 40 percent on the previous quarter. The shares climbed 7.1 percent to $2.40 after the Auckland and California-based company said it's still on track to reach its ACMR target of NZ$100 million by the end of February 2018. The annualised monthly payment transaction volume is now m...

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