REG - PayPoint PLC - PayPoint announces investment in Optus Homes

PayPointAnnouncement

31/03/2022 09:00

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RNS Number : 6525G  PayPoint PLC  31 March 2022

PayPoint Plc

PayPoint announces investment in Optus Homes

31 March, Welwyn Garden City: PayPoint has today announced a £750k investment
in Optus Homes, a leading app for tenants to manage their home rental account.
The deal will see the PayPoint Group make an investment in the company,
building on the recently-signed commercial partnership positioning PayPoint as
the preferred payment provider within the app.

The investment strengthens PayPoint's MultiPay proposition for the housing
sector, as the Optus Homes' native app payment solution, allowing tenants to
pay their rent and manage arrears payments directly in the app, on the phone,
or over the counter in 28,000 local retailers across the UK, a network bigger
than all banks, supermarkets and Post Offices put together.

The housing sector is experiencing a tide of change in how banking and
payments are undertaken, with the focus on helping social tenants in
difficulty to better manage their needs and their rental payments. For many
social housing tenants, their mobile phone is the only internet-connected
device they have, The Optus Homes App enables simple and convenient access to
their housing association and secure ways for them to take control of paying
their rent.

Nick Wiles, Chief Executive of PayPoint, said: "We're delighted to be
investing into the Optus Homes business, building on the partnership that we
announced recently to integrate our MultiPay digital payments solutions into
their app. This investment will enable PayPoint to build on the great progress
made in the housing sector over the past few years, increasing financial
inclusion and convenience for social housing tenants and removing complexity
for social housing landlords."

Gerry Kelly, CEO of Optus Homes, added: "PayPoint was a natural partner for us
as we seek to offer digital payments solutions, convenience and peace-of-mind
for tenants, as well as increased efficiency and reduced costs for housing
providers. This investment will help us deliver these benefits to an even
broader range of social housing clients and tenants, with simple, streamlined
and secure rent payments and an enhanced customer experience"

 

-ENDS-

Enquiries

 

PayPoint
plc
Finsbury

Nick Wiles, Chief Executive (Mobile: 07442 968960)
                    Rollo Head

Alan Dale, Finance Director (Mobile: 07778 043962)
                    James Thompson

 
          (Telephone: 0207 251 3801)

 
          (Email: Paypoint@finsbury.com)

Optus Homes
Ltd

Gerry Kelly, CEO (Mobile: 07775 816163)
 

 

 

 

 

 

 

ABOUT PAYPOINT

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, multinational service
providers and e-commerce brands. Our products are split across three 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 sent,
picked up and dropped off at thousands of local stores

·      In Payments and Banking, we help companies and their customers
make and receive payments quickly and conveniently. This includes our digital
payments platform, MultiPay, an eMoney offering that enables cash through to
digital transactions and cash solutions providing vital consumer access across
our extensive retail network

 

Together, these solutions enable The PayPoint Group to create long-term value
for all stakeholders, including customers, communities and the world we live
in.

 

ABOUT OPTUS HOMES

For the 5 million residents in social housing across the UK, intuitive and
powerful two-way communications with their landlord is vital. The Optus Homes
mobile app is designed by landlords specifically for the social housing
sector. We offer a Software-as-a-Service solution which is truly agnostic to
whichever HMS or CRM any landlord is currently using, and includes community
centric features, access to documentation and integrated repair visit
scheduling. Rent balance and transaction history, together with rent payment
are core components allowing tenants to complete all day-to-day activities via
one modern and powerful mobile app.

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