Company
Paypoint
LON:PAY
PayPoint plc is a holding company and its subsidiaries are engaged in developing and operating electronic payment collection systems for clients. PayPoint processes transactions and collects payments on behalf of the United Kingdom and Ireland’s utility and customer service organizations, and there are over 19,800 convenience retail outlets using PayPoint’s terminals. The Company’s subsidiaries include PayPoint Network Limited, PayPoint Collections Limited, PayPoint Ireland Limited and Pay Store SRL.
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PayPoint grows revenue and is confident of making further progress
The payment systems provider also experienced a revenue jump in shopping and banking
Paypoint cuts interm dividend by a third, still mulling Ofgem ruling
Ofgem issued a statement of objections in September relating to certain contractual terms with certain energy suppliers and retailers for the provision of over-the-counter payment services
Paypoint says activity is recovering from low point of April
Card payments performed strongly with June transactions 79% above the prior year
Paypoint proposes final dividend despite fall in transactions because of coronavirus lockdown
“Whilst it is still too early to have visibility on the longer-term consequences that will ensue following Covid-19, the impact of consumers avoiding cash and remaining at home has significantly reduced ATM transactions and parcel volumes”
Paypoint drops dividend, sees increased activity
The company expects progress in profits for the year to 31 March but outlook for the new period is unclear
Paypoint trims expectations after mild Christmas affects energy transactions
Profits before exceptional items will still rise in the year to March but at a more modest rate than previously expected.
PayPoint perks up as net revenues rise in first half
The increase was attributed to UK service fees, which saw underlying net revenues rise 31.8% in the period as payment sites rose to 15,088
PayPoint on track to grow profits after new payments platform lifts revenue
Revenue in the first quarter rose 3.6%, led by an increase in service fees
Investments and investor services
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PayPoint on track to meet full year guidance after quarterly revenue growth
"Our solid underlying net revenue growth and continued strong cost management in the quarter mean that the board's full-year expectations remain in line with the outlook provided in November," said PayPoint boss Dominic Taylor
PayPoint six-month pretax profit rises 4%, projects "progression in profit"
PayPoint says 2,500 of its Collect+ sites are now live as part of a partnership with ebay
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FTSE 100 closes higher but Wall Street lags
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