Paypoint has announced a 10% boost in sales ahead of its AGM tomorrow.

The payment terminal provider said revenues hit £53m as a result of strong growth in bill payment and retail services.

Transactions using PayPoint terminals hit 181 million, up 24% over the equivalent three-month period last year. Internet transactions jumped up 24% year on year.

But it admitted to a further decline in mobile top-ups.

“Overall trading for the period to 30 June 2012 was in line with market expectations,” said chief executive Dominic Taylor.

“Our established business streams are continuing to generate satisfactory growth this year. The momentum in our developing businesses is also encouraging, which should lead to the improved returns we seek on our invested capital in these businesses.”