 | |
| Company type | Public limited company |
|---|---|
| LSE: PAY | |
| Industry | Payment systems |
| Founded | 1996 |
| Headquarters | Welwyn Garden City, England |
Number of locations | 16,098 retail networks (2020) |
Key people | Giles Kerr (Chairman) Nick Wiles (CEO) |
| Revenue |  £167.7 million (2023) [1] |
 £45.5 million (2023) [1] | |
| £34.7 million (2023) [1] | |
| Website | www |
PayPoint plc is a British business offering a system for paying bills in United Kingdom, Ireland and Romania. It is listed on the London Stock Exchange.
The PayPoint network was set up in 1996 [2] with the aim of enabling customers to load gas and electricity onto their pre-paid energy meters in cash at their local convenience store. Prepayment meters are intended to help customers to manage energy use, thereby helping the environment, and control their spending, thereby enabling to live within their limited means. [3] Typically about 40% of customers use prepayment meters for their electricity and gas: this percentage has remained roughly constant over the last five years. [4] First tested in Northern Ireland, the system was expanded to London in 1997 and in 1998, British Gas prepayment meter customers were able to charge their Quantum smart cards at PayPoint retailers. [2]
Following continued growth and public listing, in 2006, the company became the exclusive cash payment network for the BBC's TV Licence fee. [5] In November 2006 and February 2007, PayPoint acquired online payment service providers Metacharge and SECPay respectively. [6] In September 2010, PayPoint completed the acquisition of Verrus, [7] a pay-by-phone parking payment provider and re-branded in North America and Europe under the brand name, PayByPhone. [8] In May 2014, PayPoint.net and PayByPhone were merged under a single identity, PayPoint Mobile and Online. [9]
In March 2024, PayPoint partnered with Lloyds Bank. [10] [11] It was announced that Lloyds Bank would be the main card acquiring partner for PayPoint. [10] [11]
PayPoint allows cash payments at any one of 28,200 United Kingdom PayPoint outlets, [12] 500 in Ireland and 9,000 in Romania. [13] It also provides multi-channel payment for retailers – desktop, laptop, tablet, mobile, mPOS. [13] In most cases, PayPoint's fees are usually paid by the payee organisation rather than by the payer, the notable exception being deposits into Monzo bank accounts, for which Monzo deducts a £1 fee from the deposited amount. [14]
In February 2011, Collect+ a parcel sending and collection service, was launched as a joint venture between PayPoint and Yodel. [15] This service is available through almost 6,000 of the PayPoint retail network in the United Kingdom and allows customers to collect and send packages at their local convenience store. [16]
On 6 April 2020, PayPoint announced an agreement with Yodel to take full ownership of Collect+. [17] [18]
In February 2024, PayPoint partnered with Royal Mail and its Collect+ service. [19] [20]
Electronic funds transfer at point of sale is an electronic payment system involving electronic funds transfers based on the use of payment cards, such as debit cards or credit cards, at payment terminals located at points of sale. EFTPOS technology was developed during the 1980s.
Telecommunications in New Zealand are fairly typical for an industrialised country.
7-Eleven, Inc. is a convenience store chain, headquartered in Irving, Texas and owned by Japanese company Seven & I Holdings through Seven-Eleven Japan Co., Ltd. The chain was founded in 1927 as an ice house storefront in Dallas. It was named Tote'm Stores between 1928 and 1946. After Ito-Yokado, a Japanese supermarket chain and the parent company of Seven-Eleven Japan, acquired a 70% stake in the company in 1991, the company became a wholly-owned subsidiary of Seven-Eleven Japan in November, 2005.
A filling station is a facility that sells fuel and engine lubricants for motor vehicles. The most common fuels sold in the 2010s were gasoline and diesel fuel.
An electricity meter, electric meter, electrical meter, energy meter, or kilowatt-hour meter is a device that measures the amount of electric energy consumed by a residence, a business, or an electrically powered device.
A prepaid mobile device, also known as a pay-as-you-go (PAYG), pay-as-you-talk, pay and go, go-phone, prepay or burner phone, is a mobile device such as a phone for which credit is purchased in advance of service use. The purchased credit is used to pay for telecommunications services at the point the service is accessed or consumed. If there is no credit, then access is denied by the cellular network or Intelligent Network. Users can top up their credit at any time using a variety of payment mechanisms.
Prepaid refers to goods and services paid for in advance. Examples include postage stamps, attorneys, tolls, public transit cards like the Greater London Oyster card, pay as you go cell phones, and stored-value cards such as gift cards and preloaded credit cards.
Network for Electronic Transfers, colloquially known as NETS, is a Singaporean electronic payment service provider. Founded in 1986 by a consortium of local banks, it aims to establish the debit network and drive the adoption of electronic payments in Singapore. It is owned by DBS Bank, OCBC Bank and United Overseas Bank (UOB).
Utility Warehouse is a multiservice provider based in London, England that uses multi-level marketing to obtain customers through independent distributors. It is a brand name of its parent company, Telecom Plus. It currently handles approximately 1 million customer accounts. Utility Warehouse supplies customers with landline telephony, mobile telephony, broadband, gas, and electricity. The Utility Warehouse brand is the primary engine of revenue generation for Telecom Plus.
Euronet Worldwide is an American provider of global electronic payment services with headquarters in Leawood, Kansas. It offers automated teller machines (ATM), point of sale (POS) services, credit/debit card services, currency exchange and other electronic financial services and payments software. Among others, it provides the prepaid subsidiaries Transact, PaySpot, epay, Movilcarga, TeleRecarga and ATX.
Pay at the pump is a system used at many filling stations, where customers can pay for their fuel by inserting a credit card, debit card, or fuel card into a slot on the pump, bypassing the requirement to make the transaction with the station attendant or to walk away from one's vehicle. A few areas have gas stations that use electronic tolling transponders as a method of payment, such as Via Verde in Portugal.
The National Payments Corporation of India is an organization that operates retail payments and settlement systems in India. The organization is an initiative of the Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust Payment & Settlement Infrastructure in India.
Pay-by-phone parking is a system of paying for car parking via a mobile app or mobile network operator. It is an alternative to the traditional ways to pay for parking of parking meter or pay and display machines. SMS pay-by-phone parking was first introduced by Vipnet. Since its introduction in Croatian capital Zagreb in 2001 under the name M-parking, the number of registered users has steadily increased. By 2004, the Croatian M-parking scheme was the largest in Europe. Today, pay-by-phone parking is used by millions of people all around the world.
Stripe, Inc. is an Irish-American multinational financial services and software as a service (SaaS) company dual-headquartered in South San Francisco, California, United States and Dublin, Ireland. The company primarily offers payment-processing software and application programming interfaces for e-commerce websites and mobile applications.
Yodel is a delivery service company based in Liverpool, England. It was originally known as the Home Delivery Network, until it acquired the business-to-business (B2B) and retail (B2C) operations of DHL Express UK and thereafter, rebranded itself as Yodel in May 2010. Previously privately owned by the billionaire Frederick Barclay, it was acquired by Jacob Corlett in February 2024.
Xsolla is a global video game commerce company headquartered in Sherman Oaks, Los Angeles, California. It was founded in 2005 by Aleksandr Agapitov in Perm (Russia), and is incorporated with subsidiaries globally.
Monzo Bank Limited, trading as Monzo, is a British online bank based in London, England. Monzo was one of the earliest of a number of new app-based challenger banks in the UK.
Robin Hood Energy was a not-for-profit energy company launched in September 2015 by Nottingham City Council as a competitor to the "big six" energy suppliers in the United Kingdom. The company supplied gas and electricity nationally to homes and businesses until September 2020, when its customer accounts were sold to Centrica, the parent company of British Gas.
JazzCash, formerly known as MobiCash, is a Pakistani mobile wallet, mobile payments, and branchless banking services provider. It was launched in November 2012 as MobiCash by Mobilink in partnership with their subsidiary bank Mobilink Microfinance Bank. It has a market share of 64 percent in mobile money activity.
Utilita Energy is an electricity and gas supplier operating in the United Kingdom. Utilita began trading in 2003, specialising in pay-as-you-go metering.
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