PayPoint Growing: Get Retail Merchant Services Review
PayPoint, a payment services and technology provider, has recently reported a 5% growth in revenue to £213.5m for the year ended March 31, 2018. What about your business? Do you need retail merchant services review to grow your business? Where can you find such review? Just go on reading this article and you’ll know.
PayPoint Continues to Grow: Retail Merchant Services Review
As of 31 March, PayPoint owned 29.000 sites at live in the UK and Ireland. The company reported a 0.8% drop in pre-tax profit to £52.9m for the 12-month period. The card payments processed on PayPoint’s retail platform have increased by 4.9% to account for 94.5 million payments. This was primarily driven by contactless.
Now, the payment technology company’s focus is placed on its UK and Romanian operations. PayPoint One, the company’s new retail platform, had 8.550 sites live as of 31 March 2018, and the number has already reached over 9.000.
PayPoint has signed renewed or extended contracts with 8 payment clients. The BBC and AllPay are among them. Moreover, the company has launched Amazon Top Up as Amazon’s exclusive partner in the UK. Beyond that, PayPoint offers a replacement service for the Department of Work and Pensions Simple Payment Service.
According to Nick Wiles, PayPoint chairman, 2018 has been a success for the company. They’ve made progress against their strategy of embedding PayPoint at the heart of convenience retail. Besides, the company has entered into a partnership with Tide, UK challenger bank. This will allow customers to deposit cash into a Tide account at any of PayPoint’s 29.000 retailers across the nation.
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