Utility payment provider PayPoint's half-year pre-tax profit to 30 September rose 31% to £11m on sales up 31% at £71m.

Consumers transactions rose 27% to 178 million and the number of PayPoint terminals increased 16% to more than 16,000 during the period.

“We continue to grow in all sectors particularly bill and general payments with the introduction of the exclusive TV licence contract,” said David Newlands, chairman of PayPoint.