PayPoint acquires Handepay

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Haydock-based business Handepay is set to enjoy even more growth after being acquired by digital payments, retail technology and in-store services provider PayPoint in a £70million deal.

Also acquired in the deal is card terminal leasing business, Merchant Rentals, similarly located at Westway Park.

Handepay, which provides card payment services to independent businesses across the UK, currently employs over 150 people. The business will continue to operate from its current location in Haydock, with employees joining forces with PayPoint’s workforce under the new operation. The new combined operation will have more than 30,000 SME customers across a range of sectors.

The PayPoint Group is the leading provider of cutting-edge digital payments solutions, innovative retail technology and essential in-store services serving millions of consumers every week. The Group businesses serve a diverse range of customers: from leading service organisations like EDF and Monzo; retailers from Tesco to the best UK independent stores; parcel carriers like eBay and DPD to the millions of consumers who pay bills, get cash, make card payments or pick up parcels every day at thousands of locations across the UK and Romania.

It’s a boom time for card payments as businesses and consumers alike make more contactless purchases and shop online as a result of Covid-19. Data from PayPoint, from April to September 2020, showed a 75 per cent increase in card payments during the first national Covid-19 lockdown1. 81 per cent of consumers indicated that they would be more likely to shop locally if cards were accepted2.

Mark Latham, Card Services Director at PayPoint, and formerly Chief Commercial Officer for Handepay, said,

“The two businesses have a lot in common and together will be able to offer so much more to our customers. Combined, we now have more than 30,000 SME customers across a range of sectors and are aiming to increase that through joining the PayPoint Group. It’s a fantastic opportunity for Handepay and the local economy as we continue to grow and grow.”

Nick Wiles, Chief Executive Officer at PayPoint, said,

“We’re delighted to be welcoming Handepay and Merchant Rentals to the PayPoint Group. The team have built a true North-West business success story and we’re excited to continue that story together over the coming years.”

For further information please contact:
PayPoint Press Office
MHP Communications
[email protected]
+44 20 3128 8100

ABOUT HANDEPAY

A leading merchant services company with over 21,000 SME merchants currently processing over £3bn card transactions through its acquiring relationships with EVO and Worldpay.

Established in St. Helens in 2006, Handepay employs over 150 full time employees, both at Head Office in Haydock and nationally in field-based sales roles.

A breath of fresh air in the merchant services sector, Handepay provides honest and transparent card payment solutions at the best possible prices.

They make accepting card payments simpler to understand, giving guidance and advice about common hidden fees that many business owners don’t realise they’re paying.

Products include a range of payment technology to allow businesses to accept card payments in-store, online and over the phone. With ever changing consumer preferences, taking card payments is vital for businesses to stay competitive and meet customer expectation.

ABOUT PAYPOINT

For tens of thousands of businesses and their customers, we make life and payments more convenient.

For retailers in the UK and Romania, we offer innovative and time-saving technology that empowers them to achieve higher footfall and increased spend so they can grow their businesses profitably. Our innovative retail services platform, PayPoint One, is now live in over 17,000 shops in the UK and offers everything a modern convenience store needs. More broadly, we also provide card payments services to thousands of growing businesses across the food services, garage and hospitality sectors.  Our technology helps companies to serve customers quickly, improve business efficiency and modernise their operations.

For clients of all sizes, we also provide market-leading payments technologies without the need for capital investment. Our seamlessly integrated omnichannel solution – MultiPay – is a one-stop shop for digital and other customer payments, via any channel and on any device.

Together, these solutions help millions of consumers to control their household finances, make essential payments and access services like cash withdrawals, eMoney and parcel collections and drop-offs. Our UK network of more than 27,700 stores is bigger than all banks, supermarkets and Post Offices together, putting us at the heart of communities nationwide.

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Safiya Marzook

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