Paypoint Regulatory News (PAY)

PayPoint Plc

PayPoint and the Fed announce exclusive partnership for Park Christmas Savings

Deal will see 1,500 Fed members become Super Agents, earning over £1,000 per annum

04 May 2023, Welwyn Garden City - PayPoint and the Federation of Independent Retailers (the Fed) have today announced a new, exclusive partnership which will see the organisations work together to create a network of over 1,500 Park Christmas Savings Super Agents over the next few months. Park Christmas Savings, now part of the PayPoint Group, 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.

The new partnership will see participating Fed members access an earning opportunity of over £1,000 per annum, recruiting savers in their local area. Each store will get access to an extensive support package, including training roadshows, digital and in-store POS, personalised saver communications and a national £2.5m advertising campaign driving awareness of the scheme. Fed members who are not currently PayPoint retailers can also take advantage of an exclusive bundle deal of PayPoint One, Park Savings and Parcels.

The new scheme will be rolling out over this Summer ahead of the start of the Christmas 2024 season. Fed members who are interested can visit paypoint.com/parksavings or email parksavings@paypoint.com to register their interest.

Nick Wiles, CEO of PayPoint, said: "We're delighted to be partnering with the Fed to launch this exciting new opportunity to earn. We know that Fed members will be perfect partners for Park Christmas Savings, given the important role they play at the heart of their communities across the UK. This forms part of our longstanding commitment to add extra value and revenue into the pockets of all PayPoint retailer partners and we're looking forward to working closely with the Fed to roll this out over the coming months"  

Jason Birks, National President of the Fed, said: "It's a mark of the positive relationship that the Fed now has with PayPoint that we're announcing this fantastic news for all members today. This exclusive partnership creates a great opportunity for members to make more money from PayPoint in their store whilst offering a vital service to customers in their community. I would encourage all members to get involved." 

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ABOUT PAYPOINT GROUP

For tens of thousands of businesses and millions of consumers, we deliver innovative technology and services that make life a little easier.

The PayPoint Group serves a diverse range of organisations, from SME and convenience retailer partners, to local authorities, government, multinational service providers and e-commerce brands. Our products are split across four core business divisions:

· In Shopping, we enhance retailer propositions and customer experiences through EPoS services via PayPoint One, card payment technology, Counter Cash, ATMs and home delivery technology partnerships in over 60,000 SME and retailer partner locations across multiple sectors. Our retail network of over 28,000 convenience stores is larger than all the banks, supermarkets and Post Offices put together

· In E-commerce, we deliver best-in-class customer journeys through Collect+, a tech-based delivery solution that allows parcels to be picked up, dropped off and sent at thousands of local stores

· In Payments and Banking, we give our clients and their customers choice in how to make and receive payments quickly and conveniently. This includes our channel-agnostic digital payments platform, MultiPay, offering solutions to clients across cash, card payments, direct debit and Open Banking. PayPoint also supports its eMoney clients with purchase and redemption of eMoney across its retail network.

· 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.

Together, these solutions enable the PayPoint Group to create long-term value for all stakeholders, including customers, communities and the world we live in.

ABOUT THE FEDERATION OF INDEPENDENT RETAILERS (FED)

Founded in 1919, the Fed is one of the largest employers' associations, supporting 10,000 independent retailers' stores in the UK and Ireland. We exist to help members run more profitable businesses through a comprehensive package of practical help, commercial support and exclusive deals. We are also the voice of independent retailers in parliament.

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