Alphyra sees transaction growth
Alphyra has released a quarterly key performance indicator update. The company says that the positive trends in transaction growth identified in its last quarterly update have continued.
It has seen solid growth in the areas of PPC (prepaid cellular) and utility transactions, with a marginal decline in EFT (electronic funds transfer) transactions attributed to seasonally in its European EFT business.
The contract agreements signed in Q1 2002 and terminal rollout in France, Germany, Sweden and Holland are key drivers of the strong growth in its European PCC business, which in Q3 recorded an increase in transaction volumes of 191.9% over Q2, 2002.
Q3, 2002 saw a marginal decline in EFT transaction volumes of 0.1% on Q2, 2002. The European EFT business showed a decline of 2%. However, transaction volumes were up 22.7% over Q3, 2001.
Strong growth in Alphyra’s utilities business was also recorded, with an increase in transaction volumes of 27.5% over Q2, 2002.
