Comparing the current results to its competitors, Gh Capital Inc reported Revenue increase in the 3 quarter 2019 by 0.32 % year on year. The sales growth was above Gh Capital Inc 's competitors' average revenue growth of 0 %, achieved in the same quarter.
Gh Capital Inc , slower than the average decrease reported by the company's competitors of -57.27 %. recorded a net loss and most of the company's competitors saw a decline in earnings by -57.27 %
Gh Capital Inc 's Comment on Competitors and Industry Peers
Our competitors in the online payment industry are numerous in Europe. Our competitors include financial institutions and well-established payment processing companies. In Europe, specifically in Germany, we face competition from both SOFORT GmbH and GIROPAY SOLUTIONS GmbH. We also face competition from PayPal. Our primary competitor is SOFORT and they offer a nearly identical service to what we offer. However, we provide the service at reduced costs in the hopes that merchants will prefer our service.
We also face competition from Giropay Solutions which has a minimal market
share of online payment transactions compared to SOFORT GmbH and is only able
to process transactions through a smaller percentage of banks in Germany. We
also face competition from PayPal in Europe.
In Europe, financial institutions remain the primary providers of merchant acquiring payment services to merchants, although the outsourcing of these services to third-party service providers is becoming more prevalent. Merchant acquiring payment services have become increasingly complex, requiring significant capital commitments to develop, maintain and update the systems necessary to provide these advanced services at competitive prices.