Mi-Pay Group Plc (LON:MPAY) CEO Michael Dickerson and CFO John Beale talk to DirectorsTalk about the latest interim results. Michael talks us through the operational highlights and financial results for the period while John explains the key trends been seen in the market place and explains how they are positioned for the rest of the year.
Seamus Keating, Chairman of Mi-Pay Group plc commented: “The Board is pleased with the progress made during the first half of 2016 and specifically the continued improvement in gross profits and lower operating costs, making further progress towards profitability.
We are seeing increasing opportunities with our clients as they start to embrace the need for a robust digital payment strategy and, in parallel, focus their attention on how they will deal with the increasing global risks of payment fraud and data security. Our proven capabilities in both of these areas means our solution is becoming increasingly relevant in our market. This strengthening business environment together with a strong closing cash position allows us to continue to invest to evolve and future-proof our product and service offerings.”
The group delivers fully outsourced online and related payment solutions to digital eCommerce clients, primarily in the mobile sector. Its product offering provides the infrastructure to enable pre-paid mobile devices to be topped up via a variety of channels such as websites, mobile applications and social media applications and customers include Mobile Network Operators (MNOs) and Mobile Virtual Network Operators (MVNOs). Mi-Pay sells, integrates and operates its products and solutions on a global basis.
