Business
Trading update for the three months ended 30 Ju...
Trading update for the three months ended 30 Ju....
About this update from Paypoint Plc
[{"type":"text","content":"\n \n \n Trading update for the three months ended 30 June 2022\n \n \n \n \n PayPoint Plc\n Trading update for the three months ended 30\n June 20221\n \n \n 20\n July 2022\n \n \n A good quarter across the PayPoint Group in line with expectations\n \n Nick Wiles, Chief Executive of PayPoint Plc, said:\n \n “Whilst early in our financial year, we have continued to build on the strong momentum across the Group and remain confident in delivering further progress in the current year. Our focus remains on the delivery of our strategic priorities and a strong operational performance, while maintaining a tight control of our cost base.\n \n \n In Shopping, we have made further progress in improving engagement with our retailer partners and key trade associations as we enhance our proposition, with the rollout of a number of key initiatives including Counter Cash, FMCG campaigns and a strengthened card proposition. \n \n \n In E-commerce, our parcel volumes remain strong, reflecting the strength of our Out of Home network, the breadth of our carrier relationships and the investments we have made in technology and the in-store customer experience, with a number of new opportunities coming on stream, including our partnerships with Amazon returns and Wish.com.\n \n \n In Payments and Banking, we continue to diversify our digital payments client base and strengthen our channel-agnostic payment platform as we expand the range of digital solutions we can deliver to support our clients across multiple sectors, including government, local authorities and housing associations. Our recent partnership and investment in OBConnect, a leading Open Banking software platform, adds to our capabilities in this area and immediately creates the opportunity for us, working with Pay.UK and the Payments Systems Regulator, to offer the Confirmation of Payee name checking service to our local government and energy company clients to enable the secure delivery of cost of living support payments to financially vulnerable people across the UK. \n \n \n We remain confident, despite some continued headwinds, of the progress we are making in the transformation of our business as we take advantage of the accelerated growth opportunities across our key markets.”\n \n \n \n HIGHLIGHTS\n \n \n \n Good performance across the Group with transformation gathering pace\n \...