08:22 AM EST, 11/12/2024 (MT Newswires) -- Carta Worldwide, a global digital payment solutions business owned and operated independently by Mogo Inc. ( MOGO ) , announced Tuesday that it processed just under US$3.0 billion of payment volume in Q3 2024, an increase of 23% compared to Q3 2023.

"Carta had another strong quarter and their payment volume is now on an annual run rate of $12 billion as they continue to expand with a number of large European customers," said Greg Feller, President and CFO of Mogo Inc. ( MOGO ) "We've been investing in Carta's technology platform in the last year, giving us even more confidence in the long-term prospects of this business in the large global payments market."