PayPoint has seen an increase in transactions for the first three months of the year.
Overall transactions for the 91-day period (March 31 to June 30) totalled 180 million, up 6% on the same 91-day period last year although down by 1% compared to the first quarter of 2012. Its net revenues were £27m, up 13% on a pro-rata basis against £25m last year.
Pro-rata UK and Irish bill and general transactions were up 5% while retail services transactions including ATMs, parcels and mobile phone SIM cards increased by 15% compared to 2012. Sales of top-ups continued to decline, in line with the prepaid mobile phone sector. PayPoint has also increased its UK and Ireland estate by 404 sites since March 31, bringing the total number to 25,474.
Its parcel collection and delivery arm Collect+ also experienced a solid quarter, with volumes increasing by 72% to over 2.8 million transactions, compared to 1.6 million in 2012. The number of sites offering Collect+ has also increased by 202 to 5,457.
PayPoint chief executive Dominic Taylor said: “Overall trading for the period was in line with market expectations, taking seasonality of trading into account. Our retail businesses are continuing to generate satisfactory growth this year.”
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