Paypoint plc Paypoint Expands Partnership With Yodel And Vinted
November 21 2023 - 2:00AM
UK Regulatory
TIDMPAY
PayPoint Plc
21 November 2023
PayPoint expands partnership with Yodel and Vinted
PayPoint Plc is pleased to announce that it is expanding its
partnership with Yodel and Vinted across its Collect+ network, the
leading Out of Home parcel pick up, drop off and send service in
the UK.
The multi-year agreement will see significant transaction growth
processed through the recently launched Collect+ Store to Store
service, leveraging the superior in-store consumer experience
delivered via PayPoint's retailer partners in over 10,000 locations
across the UK and building on the strong growth delivered in the
Collect+ business over the past two years. The growth in Vinted
follows a dramatic rise in popularity of selling and sourcing
pre-loved fashion, with consumers making more sustainable choices
and demanding more convenient and greener delivery services.
Nick Wiles, CEO of PayPoint, said:
"We are delighted that Collect+ will be playing a key role in
this expanded partnership with Yodel and Vinted. As consumer
channel shift continues to move towards Out of Home and greener
delivery choices, our fantastic retailer partners will now have an
even greater opportunity to serve the needs of their customers in
communities across the UK through our leading OOH network."
"We remain fully committed to investing further in the in-store
consumer experience, through technology and operational support for
our retailer partners, as well as continuing to grow our Collect+
network to service the strong growth in this area."
PayPoint is looking forward to updating the market further on
progress across the Group at its interim results for FY24 which
will be released on 23 November 2023.
Enquiries
PayPoint plc FGS Global
Nick Wiles, Chief Executive (Mobile: 07442 Rollo Head
968960)
Rob Harding, Chief Financial Officer (Mobile: James Thompson
07525 707970)
(Telephone: 0207 251 3801)
(Email:
PayPoint-LON@fgsglobal.com)
ABOUT PAYPOINT GROUP
For tens of thousands of businesses and millions of consumers,
we deliver innovative technology and services that make life a
little easier.
The PayPoint Group serves a diverse range of organisations, from
SME and convenience retailer partners, to local authorities,
government, multinational service providers and e-commerce brands.
Our products are split across four core business divisions:
-- In Shopping, we enhance retailer propositions and customer experiences
through EPoS services via PayPoint One, card payment technology, Counter
Cash, ATMs and home delivery technology partnerships in over 60,000 SME
and retailer partner locations across multiple sectors. Our retail
network of over 28,000 convenience stores is larger than all the banks,
supermarkets and Post Offices put together
-- In E-commerce, we deliver best-in-class customer journeys through
Collect+, a tech-based delivery solution that allows parcels to be picked
up, dropped off and sent at thousands of local stores
-- In Payments and Banking, we give our clients and their customers choice
in how to make and receive payments quickly and conveniently. This
includes our channel-agnostic digital payments platform, MultiPay,
offering solutions to clients across cash, card payments, direct debit
and Open Banking. PayPoint also supports its eMoney clients with purchase
and redemption of eMoney across its retail network.
-- In Love2shop, we provide gifting, employee engagement, consumer incentive
and prepaid savings solutions to thousands of consumers and businesses.
Love2shop is the UK's number one multi-retailer gifting provider,
offering consumers the choice to spend at more than 140 high-street and
online retail partners. Park Christmas Savings is the UK's biggest
Christmas savings club, helping over 350,000 families manage the cost of
Christmas, by offering a huge range of gift cards and vouchers from some
of the biggest high street names, including Argos, Primark and B&M.
Together, these solutions enable the PayPoint Group to create
long-term value for all stakeholders, including customers,
communities and the world we live in.
Attachment
-- RNS - PP expands partnership with Yodel Vinted - FGS (002)
https://ml-eu.globenewswire.com/Resource/Download/15ec30b3-c23e-4ee7-94dc-9bc9dec57cc9
(END) Dow Jones Newswires
November 21, 2023 02:00 ET (07:00 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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