HONG KONG SAR -
Media OutReach Newswire - 29 June 2024 -
EFT Solutions Holdings Limited ("
EFT Solutions" or the
"Company", together with its subsidiaries, the "Group"; stock code:
8062.HK), a leading electronic fund transfer point-of-sales ("EFT-POS")
solution provider in Hong Kong, announced its annual results for the
year ended 31 March 2024 (the "Financial Year under Review"). During the
Financial Year under Review, the Group recorded revenue of
approximately HK$127.7 million which represented an increase of
approximately 14.7% as compared with approximately HK$111.3 million for
the year ended 31 March 2023.
For sales of EFT-POS terminals and peripheral devices, revenue of
approximately HK$40.0 million and HK$42.2 million were recognized for
year ended 31 March 2024 and 2023, respectively, which represented a
decrease of approximately 5.2%.
For provision of system support and software solution services, revenue
of approximately HK$87.7 million and HK$69.1 million were recognized for
year ended 31 March 2024 and 2023, respectively, which represented an
increase of approximately 21.5% due to the increase of the provision of
EFT-POS system support and software solution services.
PROSPECTS
As a leading provider of electronic payment terminal solutions in the
industry, with more than 20 years of hard work and tireless exploration,
the Group has strong capabilities and a solid foundation, accumulated
rich experience and advanced technology, and can flexibly handle
different currencies and cross-regional businesses to meet the needs of
different regions, creating an excellent user experience for our
clients.
As an industry leader, we will not only continue to strive to provide
innovative and reliable payment terminal services for our clients, but
we also hope to gradually integrate artificial intelligence (AI) with
our technology, making electronic payment transactions more secure and
transparent, while also helping enterprises reduce transaction costs and
accelerate transaction speed, promoting the business growth of our
clients, and also hoping to open a new chapter for the Group.
Relying on our continuously improving software technology and rice
experience in technology implementation, the Group actively explored
various overseas smart city projects during the Financial Year under
Review, including providing hardware, software technology and e-wallet
gateway services in different countries and cities such as South-East
Asia countries, and successfully developed electronic payment terminal
equipment and software technology suitable for the local environment for
a bank in Mongolia. The Group is also committed to interconnecting
electronic payments in different regions, so that consumers can use
their local e-wallets when consuming abroad, fully seizing the
opportunities in the international market.
We are aware of the critical role of big data in driving industry
innovation and development. Every transaction contains valuable
information, and if we properly manage and analyse these massive
transaction data, we can gain insights into consumer behaviour and grasp
market trends, thereby providing our clients with more precise and
personalized payment solutions and enhancing their market
competitiveness and operational efficiency.
Mr. Andrew Lo Chun-kit, Chairman and CEO of EFT Solutions said,
"driven by the globe attaching great importance to digital
transformation, the demands of provision of EFT-POS system support
services and software solution services have been increased. We will
continuously and actively explore various local and overseas smart city
projects to provide dedicated service to customers and bring greater
returns for the shareholders of the Group."