Mi-Pay announced an extension to a client contract Mi-Pay announced that it has agreed a contract extension with a long-term existing client (the "Client") for an incremental five-year period, effective from 1 January 2019. This client represented approximately 12% of annual revenue in 2018 (approximately £0.4 million), a growth of 33% over 2017. The contract extension is on broadly similar terms to the previous contract with the Client. The Board of Mi-Pay expects to deliver continued growth within this Client account as its customers naturally migrate to digital payment channels and as the Client targets wider European growth. The Client is the first Mi-Pay customer to successfully adopt Apple Pay as an alternative payment method. Mi-Pay will additionally deliver wider European alternative payment methods of Sofort, Giropay and iDeal to support the Clients' European growth aspirations. These payment solutions are expected to enhance Mi-Pay's appeal across the European market.