Superfast growth of Conotoxia in the time of Covid-19
Even 825% website traffic growth, and 80% increase in the volume of currency exchange transactions – in the first six months of 2020 Conotoxia.com and Cinkciarz.pl, web portals belonging to Conotoxia Holding, recorded an enormous interest increase in their services compared to 2019. We are glad to support you in such a hard time!
- Compared to the second half of 2019, in the first six months of 2020, the volume of currency exchange increased by 50%, payment transactions by 23%, online payments using Conotoxia Pay by almost 300%, and transactions on the Forex market by 455%.
- In the first half of 2020, traffic on the Cinkciarz.pl website was 50% higher than in the previous year.
- One of the record days was March 23rd when the number of visitors was almost 750% higher than last year.
- The most significant increases (up to 825% compared to 2019) were recorded on the currency exchange website.
- March saw an 80% increase in the value of currency exchange and a 43% increase in the turnover of payment transactions compared to the average in the last twelve months.
- The Currency Exchange app exceeded a milestone of 2.1 million downloads from Google Play, recording a 110% increase compared to last year.
Ask anyone about the primary association with the first half of 2020, and the answer most probably will be: coronavirus. Unfortunately, the global fight against the pandemic also caused significant turmoil in the financial markets. In mid-March, the currencies of Central European countries, such as Polish zloty, the Czech koruna, and the Hungarian forint, lost its value against the euro, the dollar, the franc, and the pound. Aversion to risk grew, exchange rates volatility increased, and customers were looking for currencies considered as a safe haven. These factors, mixed with uncertainty about the future, provoked an unprecedented increase in interest in financial services available on our portal.
Greater demand for fintech's services translated directly into a higher transaction volume. Compared with the second half of 2019, the turnover on the currency exchange increased by almost 50%. The volume of payment transactions raised by 23% and the online payments performed using Conotoxia Pay service increased by nearly 300%. At the same time, the volume of Forex transactions, provided by Conotoxia Ltd., a company from the Conotoxia Holding group increased by 455%, with the revenues boosting by 415%, and from March to June the growth was even more visible: turnover increased by 842% and revenues by 648%.
March like one never seen before
Traffic on the Cinkciarz.pl website in the first half of 2020 was 50% higher than a year before. Website views statistics reach extraordinary levels at the end of the first quarter. One of the record days was March 23rd. The number of users who visited the website on that day was over eight times higher than the same day in 2019. Increased interest continued for the following months.
The most significant growths were recorded on the currency exchange website. In the compared period, the subpage dedicated to this service had 75% more views than last year, and on the aforementioned record-breaking Thursday (March 23rd), it recorded an 825% traffic increase. Users also more often visited the website of another popular service available at the portal, Money Transfer. Here, the highest traffic was registered on March 19th (49% more views than a year before).
How did such a gigantic jump in traffic translate into transactions? In March, fintech noted an 80% increase in currency exchange transactions, compared to the average transaction volume in the last twelve months. Moreover, clients actively used other services of the portal: payment transactions execution increased by over 43%.
Hard times call for proven methods
Further achievements relate to Conotoxia's app designed for quick and convenient currency exchange. It exceeded a milestone of 2.1 million downloads from Google Play, recording a 110% increase in downloads compared to last year. "Last few months proved that in challenging times, customers turn to reliable and experienced service providers. The statistics mentioned above prove that the clients trust us. We work at full speed to efficiently and safely serve all returning and new clients, including those paying bank loans in foreign currencies and entrepreneurs," says Piotr Kicinski, Vice-President of Cinkciarz.pl.
The fintech's services are offered on the Conotoxia.com and Cinkciarz.pl websites or dedicated mobile apps, Currency Exchange and Money Transfer, available on Google Play and App Store.
Services offered at Conotoxia.com and Cinkciarz.pl are provided by companies belonging to Conotoxia Holding.
