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18 Dec 2018 | 07:38

Mi-Pay wins fraud management contract with Alphacomm

Payment solutions group Mi-Pay said it had won a contract from Alphacomm for the provision of fraud management services.

Alphacomm was an online operating service provider for the sale of vouchers for recharging mobile phones and other digital content sales.

This deal followed a successful trial of the company's platform since October 2017, which had reviewed over £40.0m in payment transactions for Alphacomm.

In the six months ended 30 June, Mi-Pay said it generated £0.1m of revenue through the provision of fraud management services to Alphacomm.

This was expected to grow to approximately £0.3m for the 12 month period ending 31st December 2018.

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