RCS - PayPoint PLC - PayPoint and Lloyds Banking Group announcement

PayPointAnnouncement

Tue 08:00

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RNS Number : 8730U  PayPoint PLC  12 August 2025

PayPoint Plc

 

12 August 2025

 

PayPoint and Lloyds Banking Group partner to deliver over 30,000 cash deposit
points across the UK

 

 

PayPoint today announces that it is partnering with Lloyds Banking Group to
enable consumer cash deposits at over 30,000 locations through its leading
retail network across the UK. Lloyds, Halifax and Bank of Scotland, part of
Lloyds Banking Group, will be the first high street banks to use PayPoint's
BankLocal service, giving greater access to cash services at the heart of
communities across the UK.

 

This new service, rolling out from 26 August 2025, gives Lloyds, Halifax and
Bank of Scotland customers a simple and convenient way to pay in up to £300 a
day in notes and coins, with the money showing in their account within
minutes. Over 99.5% of people live within one mile of a PayPoint location,
with stores open long hours, seven days a week.

 

Local Banking and Access to cash are key organic building blocks for growth
for the PayPoint Group, contributing towards the delivery of our £100m EBITDA
target in the current year and our longer-term growth targets for the next
three years to the end of FY28.

 

Nick Wiles, Chief Executive of PayPoint, said:

 

"Our leading retail network provides a vast range of essential services at the
heart of communities across the UK, for everything from banking, utility,
parcel, cash and government services. The ability of Lloyds customers to make
cash deposits into their accounts at over 30,000 PayPoint locations will
deliver more convenience and access for customers close to where they live."

 

 

 Enquiries

 PayPoint plc                                                 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 our PayPoint One/Mini devices, card payment technology,
Counter Cash, ATMs and FMCG partnerships in over 67,000 SME and retailer
partner locations across multiple sectors. Our retail network of over 30,000
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 Open Banking, card payments, direct debit and
cash. 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.

 

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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