Vianet Grp Regulatory News (VNET)

 Vianet Group plc

("Vianet" or the "Group")

New unattended contactless payment solution launched through Suresite partnership

Vianet partners with Suresite Group in strategic move to drive innovation in the unattended contactless payment space 

London, UK, Nov 25, 2022: Leading payment solutions provider Vianet has recently partnered with forecourt retail specialist Suresite Group Ltd ("Suresite"), strengthening their presence in the fast growing 'unattended' contactless payments industry (the "Partnership").

The Partnership sees Vianet's innovative contactless payment solution hardware join forces with Suresite's market-leading acquiring services. The result is a competitive, user-friendly, and highly secure payments solution able to futureproof any unattended or automated retail business, from charging points and unmanned car washes to air and vac stations.

Vianet, COO, Craig Brocklehurst, said "Outside our core vending market we are seeing increased demand for unattended contactless payments being applied to assets such as pool tables, ticket machines, arcade games, jukeboxes, photobooths, laundromats, and many more, where coins and tokens are the main form of payment, and the Suresite partnership will support customers and help extend our footprint"

Nick Horne, sales and commercial director at Suresite, added: "Our strategy at Suresite is to continually innovate, introducing more hardware options to our customer base. The Partnership with contactless payment experts Vianet will allow us to grow our presence outside of the fuel industry yet leverage those existing customer relationships in the forecourt sector - which alongside charging points, also opens opportunities with unmanned car washes, jet washes and air and vac stations."

James Dickson, Chairman & CEO of Vianet commented: "We are delighted to partner with Suresite in this innovative collaboration proving, once again, Vianet's ability not only to drive new technological initiatives but also to establish new markets for our products."

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About Vianet

Vianet Group is a leading provider of actionable management information and business insight created through combining data from our Internet of Things ('IOT') solutions and external information sources.

Since its Admission to AIM in 2006, the Group has grown from its core beer monitoring business both organically and through strategic acquisitions to widen its offering and develop new businesses, especially in vending telemetry and contactless payment solutions particularly for the premium coffee sector.

Servicing over 300 customers across the world and rendering live data to our IOT platform from over 250,000 connected machines daily, Vianet is one of the largest business to business (b2b) connected solutions providers in Europe with established long-term relationships with blue chip customers and growing recurring revenues which are over 85% of our total revenues.

In our Smart Machines division, we connect a single data gathering device with its own on-board communication capability to a customer's asset or system. The device then sends data back via our IOT platform to cloud based servers. The technology was originally developed for automated retailing machines; however, the flexibility and functionality of the device means the technology can be applied to any machine which has the capability to output data. The device is also used to connect our contactless payment solution and communicate payment terms to our cloud-based payment services providers where that application is also required.

The Smart Zones division is where we connect multiple data gathering devices into one or more systems or assets with the data from those devices being communicated back to our IOT platform and cloud-based servers via a single 4G communications hub. The technology was originally developed for flow monitoring devices, temperature sensors, and asset management in drinks retailing but any data gathering device with a digital output could be connected to the communications hub where required such as gaming machines, utilities management and POS.

For further information, please visit www.vianetplc.com

About Suresite

Established over 25 years ago, Suresite Group provides a range of business critical operational services for Fuel and Convenience Retailers. Suresite market leading Payment and data solutions, Wet stock management, Training and Health & Safety compliance help over 3,000 stores across the UK run businesses more effectively. Suresite Group customers and partners include Barclays, Worldpay, Timico, Feefo, American Express, Sponge, Greenergy, Cost Cutter, Jet, and others.

For further information, please visit www.suresite.co.uk