Under this new agreement, PayPoint has committed to a "significant investment" in Lloyds' card payments division, Cardnet. This investment is expected to bolster the capabilities and reach of Lloyds Bank's card services, enhancing the suite of payment solutions available to merchants across the UK. The partnership is designed to bring many advantages to merchants, offering…
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Giles Kerr, Chairman, commented: I am delighted to welcome Guy to the Board. Guy has served as the Chairman of Appreciate Group plc and will bring a wealth of board level sales and marketing expertise from his extensive experience in the hospitality sector. Parsons has held various director positions throughout his career which started at…
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Nick Wiles, Chief Executive Officer of PayPoint, commented: Work on integration is already underway, with an immediate focus on organisational alignment, building on the strong momentum in both businesses and unlocking commercial revenue enhancements. The acquisition is expected to be immediately earnings enhancing in FY24 and the Board believes it will deliver attractive returns for…
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He believes that the acquisition will strengthen PayPoint’s digital payments offering. Wiles added: More specifically, the proposed acquisition would jointly target growth in three broad areas: prepayment saving through Park Christmas Savings to support customers with budgeting tools for Christmas and other events; an enlarged full-service offering for gifting, employee rewards and benefits to Appreciate…
Read morePayment solutions provider Paypoint plc (LON:PAY) today announces the sale of its Online Payment businesses comprising PayPoint.net and Metacharge to Capita for a cash consideration of £14 million ($20.5 million). PayPoint first unveiled its plans to dispose of its Mobile and Online businesses when it presented its full year results in May 2015. The company…
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