New research from The Knowledge Store shows that a quarter of retailers across the UK intend to introduce new in-store services this year. 12% would choose to install an electronic payments terminal – with the majority opting for PayPoint.

Of the 200 retailers questioned, 51 said they intended to add new services this year. Of these, 22 said they would choose PayPoint with only 1 retailer choosing PayZone.

6% also said they wanted to install a cash machine to increase footfall and help generate further revenue for their business.

Mike Igoe, PayPoint’s Retail Director said:

“We’re delighted that more retailers are intending to install a PayPoint terminal. The proof is in the pudding – with far more Payment schemes to offer, many exclusive to PayPoint, retailers experience even more footfall and increased basket spend when they offer a PayPoint service.

“We welcome applicants from quality retailers and look forward to adding further services to those already available throughout 2007 and beyond.”

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Enquiries:

PayPoint Press Office  
Kate Simpson/ Helen Crossley
020 7553 4111
kate.simpson@mischiefpr.com or helen.crossley@mischiefpr.com

Notes to Editors:

PayPoint is a leading branded payment collection network used, primarily, for the cash payment of bills and services and prepayments for mobile telephones and energy meters. There are over 16,000 retail outlets using PayPoint’s payment terminals.

PayPoint began trading in 1996 and initially collected payments through its network of retail agents for its founder client investors, who included British Gas, BT, BBC TV Licensing, London Electricity (now part of EDF Energy) and four water companies.

Clients include many of the UK and Ireland’s major energy, cable, mobile and fixed line telephony companies. PayPoint’s blue chip client list also extends to all of the main water companies, many local authorities and housing associations, and a growing transport and travel base.

PayPoint listed on the London Stock Exchange in September 2004.