Business
Why the Tyro Payments (ASX:TYR) share price is shooting higher
Tyro Payments Ltd (ASX: TYR) shares are shooting higher today after the payment solutions provider released its results for the financial half year ending 31 December (H1 FY21). At the time of writing, the Tyro share price is trading 6.62% higher at $2.90.
What did Tyro Payments report?
The Tyro share price is surging higher in morning trade after the company reported a 13% increase in the number of merchants using its payments solutions. Merchant numbers reached a record high of 36,720 in H1 FY21, up from 32,450 in the first half of the 2020 financial year.
Tyro also revealed it had achieved a new record high in the transactions processed by its merchants, up 10% to $12.1 billion.
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