This year RS2 Software is recognising the continued execution of strategy to deliver its planned growth, with the Group adding new countries to its client base in the Asia Pacific and Latin America regions.

While providing an update in an Interim Directors’ Statement, the leading payment solutions company set the scene for what it expects out of 2022.

Many industries are expressing grave concerns about new COVID variants and looming restrictions, however companies like RS2 Software are well-positioned to facilitate a smoother transition to a cashless society due to the nature of its offering.

RS2 is behind the payment processing software BankWORKS, used by major banks, payment service providers and other financial institutions globally.

It is the transaction processing power behind some of the world’s most innovative and fastest growing payments companies and is currently deployed in 27 Countries all around the world.

With its position in the payment industry and the acceleration of certain trends due to the pandemic, RS2 is poised to gain from the significant transformation the financial services industry is experiencing.

Acknowledging this, the Directors’ statement points to the “key role digitalisation plays in the financial lives of more and more of the world’s population”, adding that “electronic payments are at the epicentre of this transformation”.

“Payments are becoming increasingly cashless, and the industry’s role in fostering inclusion has become a significant priority. Payments also are supporting the development of digital economies and are driving innovation, all while functioning as a stable backbone for our economies.”

It goes on to say that underneath the shift to a cashless society “lies a larger, more profound change, whereby the entire infrastructure of payments is being reshaped, with new business models emerging”.

RS2 Software notes how the processing segment of the payment industry continues to show strong growth, especially in the US, while merchant services are more prominent across Europe.

“Accelerated by the pandemic, the shift to a cashless society and the rising role of payments as more than simply an exchange of value for goods and services create a once-in-a-lifetime opportunity for the payments industry to lead in financial services.

“At the same time, by becoming a cornerstone of the global economy, payments can serve as a catalyst for economic growth, innovation and inclusion.”

With a view to continue accelerating its pipeline of growth in the upcoming year, the Directors lay out a number of product launches planned, concluding that the Group expects to have a “positive 2022 and beyond”.