PayPoint PLC New initiatives from Appreciate Group acquisition
10 Octobre 2023 - 8:00AM
RNS Non-Regulatory
TIDMPAY
PayPoint PLC
10 October 2023
PayPoint Plc
10 October 2023
First new initiatives from Appreciate Group acquisition now
live
PayPoint Plc is pleased to announce that the first new
initiatives following the acquisition of Appreciate Group in
February 2023 are now live, leveraging the enhanced capabilities
added to the Group with Love2shop and Park Christmas Savings.
In Park Christmas Savings, over 1,000 members of the Federation
of Independent Retailers (the Fed) have now signed up to become
PayPoint Park Super Agents, helping recruit new savers for
Christmas 2024. This expansion complements the existing direct and
agent sales channels for the service and leverages the strong
customer demographic overlay for the proposition across PayPoint's
retailer partner network. Park Christmas Savings is the UK's
biggest Christmas savings club, helping over 350,000
budget-conscious families to spread the cost of Christmas, by
saving regularly over the year and then converting their savings
into gift cards and vouchers in the run up to Christmas. The
service plays an important role in helping customers manage their
household budgets better through the rising costs of living and
boost their spending power through regular offers and
discounts.
In Love2shop, the Group has completed a significant expansion of
the Love2shop gift card offering in partnership with 21 of the UK's
leading multiple retailer groups, including One Stop, MFG,
Henderson's Retail, CJ Lang, Scotmid Co-op, Sewell's and Greens
Retail. The move will see Love2shop gift cards available to
purchase for the first time in store for the Christmas 2023 season
in more than 2,600 new locations. Love2shop offers flexible gift
cards which can be spent at over 90 leading retailers, including
M&S, Argos, Currys, Iceland, Boots, TK Maxx and River
Island.
PayPoint will update the market further on progress across the
Group at its interim results for FY24 which will be released on 23
November 2023.
Enquiries 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.
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END
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