Universe Group PLC Agreement Signed With NetPay Merchant Services Ltd
March 07 2018 - 2:02AM
RNS Non-Regulatory
TIDMUNG
Universe Group PLC
07 March 2018
7 March 2018
AIM: UNG.L
Universe Group plc
("Universe", the "Group" or the "Company")
AGREEMENT SIGNED WITH NETPAY TO FURTHER ENHANCE PAYMENT
OFFERING
Universe Group plc (AIM: UNG.L), a leading developer and
supplier of point of sale, payment and on-line loyalty systems,
announces that it has signed an agreement with NetPay Merchant
Services Limited ("NetPay") to offer their acquiring and
on-boarding solutions to the Group's retail clients.
Through its subsidiary HTEC, Universe already provides payment
devices for both in-doors and outside, as well as payment
processing solutions. Increasing consumer conversion from cash to
card is now driving more widespread adoption of merchant services
and through this agreement, the Group will be able to offer clients
competitive transaction processing rates via NetPay's First Data
merchant application and fast, efficient on-boarding, thus making
it a one-stop shop for all payment transactions.
In addition, the combined offering gives retailers access to
further real-time payment related analytics allowing them to make
more informed decisions. The first clients are expected to be
on-boarded in May.
Jeremy Lewis, Chief Executive of Universe Group plc,
commented:
"This agreement complements and broadens our existing payment
services, allowing us to be the single payment counterparty for our
retailers. We have been impressed with NetPay's platform which
ensures quick and easy on-boarding and access to competitive
payment processing fee rates, which are vital to our retailers and
are important extensions to our other payment, EPOS and loyalty
offerings."
Carl Churchill, Co-Founder and Chief Executive of NetPay,
said:
"HTEC have an impressive product offering and material market
share in the convenience and fuel forecourt markets making them
ideal partners for us in this space. Both companies share the same
client service ethos and our joint offering now means that together
we can meet the payment needs of retailers of all sizes across the
sector."
For further information:
Universe Group plc T: +44 2380 689 510
Andrew Blazye, Non-Executive Chairman
Jeremy Lewis, Chief Executive
finnCap
T: +44 20 7220 0500
Stuart Andrews / Henrik Persson (Corporate Finance)
Richard Chambers (Corporate Broking)
IFC Advisory T: +44 20 3934 6630
Tim Metcalfe
Heather Armstrong
About Universe Group plc:
Universe provides some of the world's leading retailers with
point of sale, payment and loyalty solutions. The Group's solutions
are based on its own proprietary software and are offered out of
the cloud on a software as a service model with its data centres
processing over 5 billion transactions every year. For further
information, please see www.universe-group.co.uk
About NetPay Merchant Services Limited:
NetPay are an award-winning payment service provider. Offering a
range of face to face, online and over the phone payment services
they deliver differentiation through their market leading
technology, focusing on the functionality 'beyond the transaction'.
With service management capability, reporting, insight and
analytics NetPay's flagship Revolution platform supports merchants
in taking control of their business, make informed decisions and
experience value beyond simply the commodity capability of being
able to take a card payment. For further information, please see
www.netpay.co.uk.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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