PayPoint benefits from mobile foray

first_imgThursday 12 August 2010 8:25 pm whatsapp PayPoint benefits from mobile foray whatsapp Show Comments ▼ Share Tags: NULL PAYPOINT yesterday said its move into mobile phone payments had helped revenue rise seven per cent between March and July.The firm, whose services include bill payment terminals and ATM machines, made net revenue of £26m from 29 March to 25 July after its takeover of PayByPhone, which allows motorists to pay for their parking by credit or debit card over their mobiles.Bill payment, internet and retail services also grew in the period.PayPoint said bill and general payment transactions were in line with its expectations. In Romania, it processed more than three million bill payments, up more than 200 per cent.Net cash as of 25 July fell to £6m from £15m on 28 March.PayPoint is currently in a battle with lottery operator Camelot, which wants to give customers the chance to pay bills at their terminals.The National Lottery Commission (NLC) has launched an investigation into Camelot’s plans and could block the move. PayPoint has argued that Camelot’s move would be unfair on its rivals who are already in the payments business. The NLC has already blocked one Camelot plan. KCS-content More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comlast_img

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