Bill payment provider PayPoint has reported a 32% increase in half-year pre-tax profit to £14.5m on revenue up 46% at £103.9m.

The results, for the 27 weeks to 30 September, were boosted by the group's BBC TV licensing contract, which reached its first anniversary in August, and an extra week of trading, PayPoint said.

Transactions at PayPoint terminals increased 33% to 236 million and the number of UK and Ireland terminals rose 8% to more than 19,000.

“There is opportunity to grow revenue in the UK by increasing market share in bill and general payments, mobile top ups and ATMs and from Post Office closures within the next year,” said chairman David Newlands.

“Product innovation and implementation, improved terms from credit and debit acquirers and winning back a major seller for housing and local authority clients have laid the foundations for continuing growth.”