Mi-Pay Group plc announced trading results for the first half of 2019. Trading for the first half of 2019 was broadly in line with management's expectations, delivering a 15% increase in fully managed payment transactions processed to £58.1 million (H1 2018: £50.2 million) and successfully indemnifying £29.2 million of payments for fraud (H1 2018: £17.2 million). This increased revenues to £1.7 million for the period (H1 2018: £1.6 million).

Trading for the full year is expected to be behind current market expectations.