Mi-pay Share Discussion Threads

[stemis] 15/9/2014 08:46

Interim results on Wednesday. We should see how much progress the company is making towards profitability.

[oregano] 06/5/2014 09:29

From techmarket view. I would have thought newsflow would be pretty good in this.

This week, Mi-Pay, the UK provider of white-label payment services to mobile operators, completed the transaction to reverse into an AIM-listed company. The ticker of the quoted venture is now MPAY. The listing exercise, consisting of a £9m acquisition of Mi-Pay, included the injection of a further £4.4m funding by Albion Ventures, Mi-Pay's long-term backer.

Central to Mi-Pay's business is the supply of pre-paid top-up and recharge services for mobile phones and the company has built a long list of mobile operator customers, including Vodafone, Telefonica and UK retailers, Sainsbury's and Tesco. It also provides services to operators in the areas of remittances, fraud protection, payments processing and mobile wallets. Mi-Pay has been building pipeline in Asia-Pac, where growth in pre-paid phones is particularly strong. The group generated revenue of £3.3m in calendar 2013 (up 16% yoy, with EBITDA losses of £1.7m)

In our recent study, "Finding the winners in UK payments", we highlighted several criteria to help evaluate the strategies of companies in this increasingly competitive area. Mi-Pay has established a position in the specialist area of mobile top-ups, benefiting from both scale and the ability to analyse customer data in this niche. With 10 years' experience it has built a substantial customer list and reputation, with opportunities to extend and exploit these relationships to build some scale (and margin) in higher-growth markets. One key positive is Mi-Pay's policy to fully indemnify its multi-channel top-up service, protecting the operator from potential fraud. This not only underlines Mi-Pay's confidence in its fraud management capabilities and but also provides a source of competitive advantage and a way to improve margins longer term.

[stemis] 02/5/2014 12:06

Listed through reversal into AimShell (the former Autoclenz)