PayPoint network grows to nearly 30,000 sites across UK

Net revenue for UK retail increased by 9.2% to £7.7m

PayPoint’s UK retail sites now total 28,418, up 164 from March last year, according to the company’s latest results. 

The EPoS and payments provider published its quarterly results up to 31 December 2022 last week, revealing PayPoint One sites were also up by 244, from 18,120. 

Overall, net revenue for UK retail increased by 9.2% to £7.7m. Card transaction values in PayPoint’s network of convenience sites rose less than the rate of inflation, increasing £5m to £610m, signifying a potential drop in real-terms customer card spending in partnered stores. 

PayPoint stores are now handling “well over” one million parcels per week, up 84% year on year, which chief executive Nick Wiles attributed to new carrier partners and new printers in store, with a further 3,000 devices to roll out this year. 

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