diff --git a/README.md b/README.md
index db6f846..5459c9d 100644
--- a/README.md
+++ b/README.md
@@ -385,7 +385,7 @@ But you have the option to configure it otherwise.
 For example, if you want to connect to testnet instead of mainnet, you can run:
 
 ```bash
-iso20022-client init --chain-id=coreum-testnet-1 --coreum-contract-address=testcore1eyky8vfdyz77zkh50zkrdw3mc9guyrfy45pd5ak9jpqgtgwgfvfqd8lkmc --coreum-grpc-url=https://full-node.testnet-1.coreum.dev:9090
+iso20022-client init --chain-id=coreum-testnet-1 --coreum-contract-address=testcore1sx8h66ehjcj999t5apz5993y9n6nxwdr5jcd06mzrquxdkful4tqpugwh8 --coreum-grpc-url=https://full-node.testnet-1.coreum.dev:9090
 ```
 
 ### Add Key
diff --git a/iso20022/coreum/contract.go b/iso20022/coreum/contract.go
index 91865be..727b98a 100644
--- a/iso20022/coreum/contract.go
+++ b/iso20022/coreum/contract.go
@@ -68,6 +68,8 @@ type Session struct {
 	Destination            sdk.AccAddress `json:"destination"`
 	Messages               []string       `json:"messages"`
 	FundsInEscrow          []sdk.Coin     `json:"funds_in_escrow"`
+	StartTime              uint64         `json:"start_time"`
+	Uetr                   string         `json:"uetr"`
 	ConfirmedByInitiator   bool           `json:"confirmed_by_initiator"`
 	ConfirmedByDestination bool           `json:"confirmed_by_destination"`
 }
diff --git a/iso20022/processes/contract_client.go b/iso20022/processes/contract_client.go
index d0458e9..248313b 100644
--- a/iso20022/processes/contract_client.go
+++ b/iso20022/processes/contract_client.go
@@ -79,10 +79,21 @@ func (p *ContractClientProcess) Start(ctx context.Context) error {
 	p.log.Info(ctx, "Starting the contract client process")
 	return parallel.Run(ctx, func(ctx context.Context, spawn parallel.SpawnFn) error {
 		spawn("msg-receiver", parallel.Continue, func(ctx context.Context) error {
-			ticker := time.NewTicker(p.cfg.PollInterval)
+			expiredSessionsTicker := time.NewTicker(time.Hour)
+			messagesTicker := time.NewTicker(p.cfg.PollInterval)
 			for {
 				select {
-				case <-ticker.C:
+				case <-expiredSessionsTicker.C:
+					err := p.cancelExpiredSessions(ctx)
+					if err != nil {
+						p.log.Error(
+							ctx,
+							"Failed to cancel expired sessions",
+							zap.Error(err),
+						)
+						continue
+					}
+				case <-messagesTicker.C:
 					err := p.receiveMessages(ctx)
 					if err != nil {
 						if errors.Is(err, context.Canceled) {
@@ -101,7 +112,8 @@ func (p *ContractClientProcess) Start(ctx context.Context) error {
 						}
 					}
 				case <-ctx.Done():
-					ticker.Stop()
+					messagesTicker.Stop()
+					expiredSessionsTicker.Stop()
 					return errors.WithStack(ctx.Err())
 				}
 			}
@@ -178,6 +190,44 @@ func (p *ContractClientProcess) Start(ctx context.Context) error {
 	})
 }
 
+func (p *ContractClientProcess) cancelExpiredSessions(ctx context.Context) error {
+	limit := uint32(100)
+
+	sessions, err := p.contractClient.GetActiveSessions(
+		ctx,
+		p.cfg.ClientAddress,
+		coreum.UserTypeInitiator,
+		nil,
+		&limit,
+	)
+	if err != nil {
+		return err
+	}
+
+	expireTime := uint64(time.Now().Add(-24 * time.Hour).UnixNano())
+
+	cancelSessions := make([]coreum.CancelSession, 0)
+
+	for _, session := range sessions {
+		if session.ConfirmedByDestination == false && session.ConfirmedByInitiator == false && session.StartTime < expireTime {
+			cancelSessions = append(cancelSessions, coreum.CancelSession{
+				Uetr:        session.Uetr,
+				Initiator:   session.Initiator,
+				Destination: session.Destination,
+			})
+		}
+	}
+
+	if len(cancelSessions) > 0 {
+		_, err = p.contractClient.CancelSessions(ctx, p.cfg.ClientAddress, cancelSessions...)
+		if err != nil {
+			return err
+		}
+	}
+
+	return nil
+}
+
 func (p *ContractClientProcess) receiveMessages(ctx context.Context) error {
 	limit := uint32(10)
 
diff --git a/iso20022/runner/config.go b/iso20022/runner/config.go
index 198a0e9..dbb38e1 100644
--- a/iso20022/runner/config.go
+++ b/iso20022/runner/config.go
@@ -131,7 +131,7 @@ func DefaultConfig() Config {
 			},
 			Contract: CoreumContractConfig{
 				// TODO: Change to the contract address on mainnet before release
-				ContractAddress:       "testcore1eyky8vfdyz77zkh50zkrdw3mc9guyrfy45pd5ak9jpqgtgwgfvfqd8lkmc",
+				ContractAddress:       "testcore1sx8h66ehjcj999t5apz5993y9n6nxwdr5jcd06mzrquxdkful4tqpugwh8",
 				GasAdjustment:         defaultCoreumContactConfig.GasAdjustment,
 				GasPriceAdjustment:    defaultCoreumContactConfig.GasPriceAdjustment.MustFloat64(),
 				PageLimit:             defaultCoreumContactConfig.PageLimit,
diff --git a/iso20022/runner/default_config.yaml b/iso20022/runner/default_config.yaml
index e754954..3d09809 100644
--- a/iso20022/runner/default_config.yaml
+++ b/iso20022/runner/default_config.yaml
@@ -10,7 +10,7 @@ coreum:
         chain_id: coreum-testnet-1
         denom: utestcore
     contract:
-        contract_address: testcore1eyky8vfdyz77zkh50zkrdw3mc9guyrfy45pd5ak9jpqgtgwgfvfqd8lkmc
+        contract_address: testcore1sx8h66ehjcj999t5apz5993y9n6nxwdr5jcd06mzrquxdkful4tqpugwh8
         gas_adjustment: 1.4
         gas_price_adjustment: 1.2
         page_limit: 50