PayPoint plc - News, Articles & Research

Company announcement/regulation

Ofgem reads the riot act to PayPoint

Ofgem, the energy regulator, has decided to accept commitments from PayPoint and a donation of £12.5 million to Ofgem’s Energy Industry Voluntary Redress Scheme, following an investigation into whether PayPoint has infringed Chapter II of the Competition Act 1998 (the “Competition Act”).

23 November 2021

Company announcement/payments

PayPoint invests £6.6m in Snappy Group

PayPoint has today announced a £6.6m investment in the Snappy Group home delivery business. The deal will see PayPoint acquire a stake in the Dundee-based firm with PayPoint Group’s CEO, Nick Wiles, taking a seat on the Snappy Group board.

08 July 2021

Company announcement/payments

PayPoint acquires RSM 2000

Digital payments expert PayPoint has completed the acquisition of RSM 2000 Ltd, a leading provider of innovative digital payment services.

14 April 2021

Company announcement/payments

PayPoint adds installment payments to bill pay tech

To help businesses meet customer needs and provide greater support for the financially vulnerable, PayPoint is stepping up the benefits for its digital solution, PayByLink.

15 February 2021

Company announcement/payments

PayPoint acquires Handepay and Merchant Rentals

PayPoint is pleased to announce that it has signed an agreement to acquire Handepay Limited (“Handepay”) and Merchant Rentals Limited (“Merchant Rentals”), leading card payments and card terminal leasing businesses, from a consortium of private investors.

05 November 2020

Company announcement/payments

PayPoint nets £47 million from sale of Romanian business

PayPoint announces that it has signed an agreement to sell its Romanian business, PayPoint Services SRL and PayZone SA (“PayPoint Romania”), to Innova Capital (“Innova”).

21 October 2020

News/regulation

Ofgem raises objections over PayPoint exclusivity clauses

The UK energy regulator Ofgem has thrown a spanner into the works of over-the-counter payments operator PayPoint, objecting to the exclusive nature of relationships that the firm has with utilities and retailers.

30 September 2020

Company announcement/people

PayPoint names Nick Wiles as CEO

Further to the announcement made on 19th March 2020 regarding the temporary suspension of the CEO search process, PayPoint plc (“PayPoint”) is today pleased to announce the appointment of Nick Wiles as Chief Executive.

20 May 2020

Company announcement/payments

PayPoint CEO Patrick Headon takes temporary leave of absence

PayPoint today announces that its Chief Executive, Patrick Headon, is taking a temporary leave of absence from the Company to receive treatment for a medical condition.

26 September 2019

Company announcement/payments

PayPoint chief Taylor steps down

After 21 years leading PayPoint, PayPoint plc today announces that Dominic Taylor will step down from his role as Chief Executive and director of the Board with effect from 1 April 2019.

19 February 2019

Company announcement/retail

Monzo to offer cash deposits via PayPoint

PayPoint has announced today that challenger bank, Monzo, has chosen PayPoint’s cash payments solution for its current account holders. Beginning Wednesday 21 November, customers will be able to deposit up to £300 cash directly into their Monzo account in a single transaction at any of PayPoint’s 28,000 convenience stores nationwide.

14 November 2018

News

Outage fever strikes UK banks

A spate of online banking glitches has hit the UK's leading high street banks, leading inevitably to discussions of resilience and operational risk in the industry.

21 September 2018