paypoint company
Wednesday, October 30, 2024
PayPoint completes investment in obconnect
In addition to the August 1, 2024 announcement, PayPoint can confirm that it has successfully completed a strategic investment in obconnect, a leading open banking technology provider, following FCA approval. PayPoint currently controls 55.3% of the business. This investment will enable the group to further leverage its open banking technology platform and capture greater opportunities within both businesses.
This follows the announcement on 10 October 2024 that obconnect has secured a contract to partner with the New Zealand Bankers Association (NZBA) to provide a beneficiary verification ecosystem in New Zealand. The agreement will initially see obconnect verify beneficiaries with major New Zealand banks from November 2024, including ANZ, ASB, Bank of China, BNZ, CCB, The Co-operative Bank, Heartland Bank, ICBC, Kiwibank, Rabobank and SBS. We plan to provide services. Bank, TSB, Westpac.
Nick Wiles, CEO of PayPoint, said:
“We are delighted to have successfully completed our strategic investment in obconnect. Beneficiary verification and open banking are key to the future of the PayPoint business and our investment positions the group in this fast-growing sector. We can further strengthen our position.”
Contact FGS GlobalPayPoint plcRollo HeadNick Wiles, Chief Executive Officer (Mobile: 07442 968960) James ThompsonRob Harding, Chief Financial Officer (Mobile: 07525 707970) (Phone: 0207 251 3801 (Email: PayPoint-LON@fgsglobal. com))
About Paypoint Group
For tens of thousands of businesses and millions of consumers, we provide innovative technologies and services that make their lives a little easier.
PayPoint Group serves a wide range of organizations, from small and medium-sized businesses and convenience retailer partners to local governments, governments, multinational service providers and e-commerce brands. Our products are divided into four core business units:
In Shopping, we enhance retailer propositions and customer experiences through PayPoint One’s EPoS services, card payment technology, Counter Cash, ATM and home delivery technology partnerships at more than 60,000 small business and retail partner locations across multiple sectors. Masu. Our retail network of more than 29,000 convenience stores is larger than all banks, supermarkets and post offices combined. In e-commerce, we offer best-in-class customer journeys through Collect+, a technology-based shipping solution that enables package pickup. , dropped off and sent at thousands of local stores. Payments and Banking provides clients and their customers with options for how to make and receive payments quickly and conveniently. This includes MultiPay, a channel-agnostic digital payments platform that provides clients with solutions across cash, card payments, direct debit and open banking. PayPoint also supports eMoney clients through eMoney purchases and redemptions across its retail network. Love2shop provides gifting, employee engagement, consumer incentives, and advance savings solutions to thousands of consumers and businesses. Love2shop is the UK’s number one multi-retail gift provider, offering consumers the choice to shop across over 140 mass retailers and online retail partners. Park Christmas Savings is the UK’s largest Christmas savings club, helping over 350,000 families manage their Christmas costs by offering a wide range of gift cards and vouchers from big name companies including Argos, Primark and B&M.
Together, these solutions enable PayPoint Group to create long-term value for all its stakeholders, including customers, communities and the world in which we live.
RNS – obconnect completion
