RCS - PayPoint PLC - New initiatives from Appreciate Group acquisition

PayPointAnnouncement

10/10/2023 07:00

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RNS Number : 4567P  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 968960)           Rollo Head
 Rob Harding, Chief Financial Officer (Mobile: 07525 707970)  James Thompson
                                                              (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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