Electronic transactions group Alphyra said today that transaction growth remains solid across all its geographical as it enters the second quarter.
In a trading statement, the company said the pre-paid mobile phone market continues to grow in both volume and the desire among operators to convert from paper to electronic recharge. But it said that recent contract wins in Europe will take six to nine months to make a significant impact on the business.
Alphyra said it had recorded significant volume growth in pre-paid mobile phones in the first quarter of the year. Transaction volumes in the Q1 2002 exceeded those recorded during the last quarter of 2001, the holiday season in which the company usually sees a spike in such transactions.
The company says the growth is accounted for by solid performances in Ireland and the UK, as well as developments in its European markets of France, Germany and Sweden.
Growth in Electronic Funds Transfer has been steady. The company said it saw a fall-off in volume after the holiday season - as expected - but this recovered quickly through the rest of the first quarter.
Shares in Alphyra closed unchanged at €3.10 in Dublin this afternoon.
