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PayPoint’s group net revenue increased by 7.5% to £42.2m in the first quarter of the 2025 financial year, up from £39.2m in the same period last year.
As part of its strategy, PayPoint has launched a New Store Growth Specialist role to support retail partners in driving revenue growth through store visits backed by targeted data.
Enhancements to PayPoint’s card payment services include the imminent launch of seven-day settlement. Real-time transaction data is now live in the merchant app, with a target of 10,000 users by the end of the next financial year.
Meanwhile, parcel transactions grew by 19.4% to 38.2 million, compared with 32 million in the first quarter of the fiscal year. The Collect+ network also increased to 14,250 sites.
PayPoint signed a three-year agreement with InPost and Yodel to create a harmonised network, which could support up to 6,000 Pick Up Drop Off locations.
Royal Mail services are now available at around 8,000 sites, and operational plans are in place to help retail partners prepare for future parcel volume growth.
Stores achieving £1,579 in extra profit following PayPoint visits
PayPoint also reported strong growth in business finance via YouLend, with £7.4m lent to merchants in the quarter, an increase of 63% year on year.
Love2shop divisional net revenue increased by 21.7% to £7.8m, up from £6.4m in the first quarter of the year. Billings also rose by 3.8% to £38.4m. Love2shop gift cards have been rolled out to more PayPoint locations.
Meanwhile, cash payments net revenue decreased by 9.6% to £6.6m.
Nick Wiles, chief executive of PayPoint, said: “The Group has had an encouraging start to the current financial year. We remain confident in our operational plans, continued progress towards the delivery of our £100m EBITDA target in the current year and our longer-term growth targets for the next three years to the end of FY28.
“There continues to be consumer uncertainty and cautious behaviour in a number of our markets, which we are actively monitoring and seeking to mitigate, with tight cost discipline and a focus on the strong execution of our growth plans.”
Read more: PayPoint retailers set for parcel boost with Royal Mail
