Business

Nearshore IT Development Consultants are now Helping Ecommerce Firms Build Online Stores and Grow their Sales

Published

5 years ago

March 27, 2021

Outsourcing a busines service has now become a common practice today. It is largely used by eCommerce firms to seek IT development solutions to run their businesses and boost their business sales.

Nearshore IT development consultants are being contacted by Ecommerce firms to build their online businesses and grow their sales. In Poland, many eCommerce firms are opting for EPiServer development and support services provided by Multishoring.

A boom in the eCommerce world has made it imperative for eCommerce businesses to opt for IT services using innovative technologies. So, eCommerce firms are going for nearshore IT development consultants to establish as well as grow their online stores.

Nearshore IT development consultants have a vast network of expert IT professionals who can offer their expert software development services to cater to the needs of eCommerce firms. It is possible to seek EPiServer development and support services for managing the content of eCommerce stores.

It also helps eCommerce companies to create content, manage the community, and run e-commerce stores with excellent communication. Nearshore outsourcing companies help eCommerce businesses to provide effective solutions for their eCommerce stores.

It is also making it easy for eCommerce stores to manage the marketing communication campaign cycle. Nearshore outsourcing IT consultants help eCommerce businesses reduce operational costs and they help them find a talented workforce with cultural similarities.

With the help of nearshore outsourcing services, eCommerce firms can easily get an experienced workforce in their proximity. It helps them improve their customer services and gain a boom in their brand value in an easy manner.

Business

Black Banx Group — Third Quarter 2025 Results

Published

2 days ago

November 3, 2025

Matthew Wiles

FOR IMMEDIATE RELEASE · Road Town, British Virgin Islands · October 30 2025

Black Banx reports USD 4.3 billion revenue and USD 1.6 billion pre-tax profit in third quarter 2025

Black Banx Group today announced its results for the third quarter ended 30 September 2025, delivering strong performance with further progress toward its full-year targets.

Key figures for Q3 2025:

Revenue: USD 4.3 billion
Profit before tax (PBT): USD 1.6 billion
Cost-to-income ratio: ≈ 62%
Customer base (period-end): ~92 million clients

YTD (first nine months) results: Revenue USD 12.7 billion, PBT USD 4.7 billion, positioning the Group on track toward its full-year ambitions of ~USD 17 billion revenue and ~USD 6.4 billion PBT.

“Our Q3 results reaffirm the scalability and resilience of our platform,” said Michael Gastauer, Group CEO. “By continuing to scale our client base, deepen engagement, and drive operational efficiencies, we maintain momentum toward our 100 million-customer milestone and full-year ambitions.”

Daniel Dumitrascu, Group CFO, added: “We are pleased to demonstrate sequential improvement in our cost/income ratio despite ongoing investment in growth markets. With the first nine months delivered, our Q4 plan is well calibrated to close the year strongly.”

Business highlights:

Net customer adds of approximately 8 million during Q3, bringing the total client count to ~92 million as of 30 September 2025. On pace for the 100 million-customer target by year-end.
Continued growth across emerging markets, driven by expansion efforts in Africa, South Asia and Latin America.
Strong transaction volumes across cross-border payments and cryptocurrency-adjacent services, contributing to top-line resilience.
Ongoing initiatives to optimise operations and automate processes delivered a sequential improvement in cost/income ratio to ~62% from ~64% in Q2.
Strategic investments sustained in growth markets while preserving profitability and shareholder value.

Outlook:

With three quarters behind it, Black Banx remains aligned with its 2025 full-year targets of approximately USD 17 billion in revenue and ~USD 6.4 billion in pre-tax profit. The company anticipates a seasonally stronger Q4 performance, underpinned by ongoing global client acquisition and further monetisation of its platform.

About Black Banx Group:

Black Banx Group is a global digital banking and fintech platform serving tens of millions of private and business clients across more than 180 countries. The Group offers seamless, borderless banking services, including multi-currency accounts, cross-border payments and cryptocurrency-compatible solutions. Headquartered in the British Virgin Islands, Black Banx is dedicated to innovation, financial inclusion and delivering value to its stakeholders.

Media Contact:

Black Banx Media Relations
Email: [email protected]

Forward-looking statements: This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the Group’s business strategy, financial prospects, targets and trajectory. Actual results may differ materially from those anticipated.