PayPoint reports 96.4 mln transactions in Romania last year, up 29 pct

Aurel Dragan 24/05/2018 | 14:38

PayPoint plc, the main payment operator in the United Kingdom of Great Britain and Northern Ireland, reports growing results in Romania for the financial year 2017-2018. Thus, during the analyzed period, PayPoint Romania recorded a total volume of 96.4 million transactions on the local market, increased by 28.6 percent compared to the previous year; the result includes Payzone’s acquisition, acquired in October 2017.

Evolution is based on significant increases in all segments in the portfolio, from bill payments (85.3 million transactions, up 26.9 percent) or electronic charge of prepaid calling cards (10.4 million transactions, up 42.8 percent) to newer PayPoint services in retail, up 50.5 percent (money transfer, card transactions processed through POS offered by PayPoint to partner merchants or to PayPoint Colet Express).

During the financial year, the company signed agreements with 28 new partner vendors, with PayPoint and Payzone’s joint portfolio reaping over 160 major players from increasingly diverse industries. During this period, the company focused on strengthening its position in the established segments and developing new services, such as bank POSs made available to trader partners to collect store sales, pilot service available in over 400 partner stores.

The Payzone acquisition completes the organic growth of PayPoint in this range. Together with the wider portfolio of partners, PayPoint also provides consumers with an extensive national network of payment points under the two brands; so the number of partner stores increased in the financial year 2017-2018 with over 9,000 payment points, exceeding 20,000 partner stores nationwide, out of which over 8,300 under the Payzone brand. The company will continue efforts to optimize its partner network to always be where consumers and partner suppliers need secure, fast, and efficient payment services.

The data are extracted from PayPoint plc’s official announcement announcement. for the financial year 2017-2018, ended March 31, 2018.

Mugur Dogariu, managing director, PayPoint Romania, said: “As mentioned at the end of the first semester, this year will remain a benchmark in PayPoint history, notably due to the acquisition of Payzone and how it complements the natural evolution of the company. The result of the acquisition came in addition to the organic growth that we enjoy across all segments of interest – national coverage, portfolio, servants and transactions. “

BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Aurel Dragan | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of
    I agree with the storage and handling of my data by
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue