PayPoint y Lloyds Bank anuncian una importante expansión de su asociación estratégica
punto de pago plc
20 de marzo de 2024
PayPoint and Lloyds Bank
announce major strategic partnership expansion
PayPoint Plc and Lloyds Bank are pleased to announce a major partnership expansion, which will see Lloyds Bank Cardnet become the main card acquiring partner across the PayPoint Group’s extensive network of over 60,000 SME and retailer partners.
The expanded partnership, going into pilot in Q2 FY24/25, with a full launch expected in Q3 FY24/25 (subject to regulatory approval), will offer merchants a market-leading banking and card services proposition combining card payments, a 12-month fee-free Lloyds bank business account and a connected competitive commercial card offering. The enhanced proposition strengthens PayPoint Group’s market position, accelerates growth across our merchant estates and delivers better tools, support and experience for its SME and retailer partners.
Additionally, the multi-year agreement will bring significant benefits to the PayPoint Group customer base, including earlier in the day settlement, a faster onboarding experience, a new merchant app, additional customer data and insights, and wider access to Lloyds’ leading range of business banking and lending products. This will be supported by significant investment into the Lloyds Bank Cardnet business to enhance product development and data analytics for merchants.
The agreement extends to Northern Ireland as a new territory for the Handepay business, and additional revenue streams for the Merchant Rentals terminal lease business, as well as creating further growth opportunities for the PayPoint Group’s enhanced range of capabilities, including a merchant rewards scheme leveraging the Love2shop rewards and engagement platform.
Nick Wiles, CEO of PayPoint said:
“The expansion of our long-standing relationship with Lloyds Bank Cardnet Merchant Services has been a key strategic decision for our business and one that we believe will deliver major benefits to our SME and retailer partners. We are confident this partnership expansion will deliver an enhanced proposition and experience which will strengthen our market position, accelerate the growth of our merchant network and provide better tools and support for our SME and retailer partners as they look to grow their own businesses.
Good execution of this partnership extension is another key element to the delivery of our overall business ambitions and our immediate target of delivering £100m EBITDA by the end of FY26.”
Melinda Roylett, Managing Director, Lloyds Bank Merchant Services said:
“Our partnership with PayPoint is incredibly important for our next stage of growth and leveraging the significant investment we are making in the Lloyds Bank Cardnet Merchant Services business. The strength of their enhanced platform and network provides us with an unparalleled distribution capability to enable us to support even more UK SMEs with our leading range of card acquiring and wider banking services. We have always been committed to being by the side of all of our business customers, and this expanded partnership with PayPoint will enable us to continue to be true to that commitment.”
PayPoint retailer Natalie Lightfoot, Londis Solo Convenience (Glasgow), said:
“This is fantastic news for our business - we have been customers for many years and it’s great that this new partnership will give us access to even more benefits and banking services. Small businesses like ours are facing many challenges at the moment, so it’s good to know that both Lloyds Bank Cardnet Merchant Services and PayPoint are joining forces to help us continue to thrive and support customers at the heart of our community in Glasgow.”
Consultas
Punto de pago plc | FGS Global |
Nick Wiles, director ejecutivo (móvil: 07442 968960) | cabeza de rollo |
Rob Harding, Chief Financial Officer (Mobile: 07525 707970) | James Thompson |
(Teléfono: 0207 251 3801) (Correo electrónico: GME@dhr-rgv.com) |
Lloyds Bank
Adam Charles, Media Relations
GME@dhr-rgv.com
0207 356 2374
ACERCA DEL GRUPO DE PUNTOS DE PAGO
Para decenas de miles de empresas y millones de consumidores, ofrecemos tecnología y servicios innovadores que facilitan un poco la vida.
PayPoint Group presta servicios a una amplia gama de organizaciones, desde PYME y socios minoristas de conveniencia, hasta autoridades locales, gobiernos, proveedores de servicios multinacionales y marcas de comercio electrónico. Nuestros productos se dividen en cuatro divisiones comerciales principales:
- En Shopping, mejoramos las propuestas de los minoristas y las experiencias de los clientes a través de los servicios de EPoS a través de PayPoint One, tecnología de pago con tarjeta, Counter Cash, cajeros automáticos y asociaciones de tecnología de entrega a domicilio en más de 60,000 pymes y ubicaciones de socios minoristas en múltiples sectores. Nuestra red minorista de más de 28,000 tiendas de conveniencia es más grande que todos los bancos, supermercados y oficinas de correos juntos.
- En el comercio electrónico, ofrecemos los mejores viajes de clientes de su clase a través de Collect+, una solución de entrega basada en tecnología que permite recoger, dejar y enviar paquetes en miles de tiendas locales.
- En Pagos y Banca, ofrecemos a nuestros clientes y a sus clientes opciones sobre cómo realizar y recibir pagos de forma rápida y cómoda. Esto incluye nuestra plataforma de pagos digitales independiente del canal, MultiPay, que ofrece soluciones a los clientes en efectivo, pagos con tarjeta, débito directo y Open Banking. PayPoint también apoya a sus clientes de eMoney con la compra y el canje de eMoney en toda su red minorista.
- 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.
Juntas, estas soluciones permiten que PayPoint Group cree valor a largo plazo para todas las partes interesadas, incluidos los clientes,
comunidades y el mundo en que vivimos.
ABOUT LLOYDS BANKING GROUP
- Lloyds Banking Group is a leading UK based financial services group providing a wide range of banking and financial services, focused on personal and commercial customers.
- We are proud to be by the side of British business, supporting more than 1 million UK businesses with leading digital and relationship banking services, as they start up, grow, thrive and trade internationally.
- As part of the Group, Lloyds Bank Cardnet Merchant Services offers leading end-to-end payment acceptance solutions. We help businesses from all parts of the UK, and across all different sectors and sizes, giving them the support they need to take payments online, in store, or over the phone at any time.
- For more information on how we help businesses to receive payments please visit: www.lloydsbank.com/cardnet.