Payment processor SafeCharge has reported a 44 per cent increase in revenue to US$49.5m for the first half of 2015, with the company set to develop and expand its technology base and product offering through the commercial launch of its PAY.com mobile wallet and Mastercard pre-paid card.

The year-on-year revenue growth was primarily driven by organic growth from existing customers and the addition of new customers.

Core business processing volumes rose 27 per cent to $3.3bn, with the company now servicing more than 100 customers, with a strong pipeline and several significant new customers set to go live during the second half of the year.

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