 |
||||
 |
 |
|||
Payzone UK, the leading European consumer payments and cash distribution network, has signed a three year agreement with Bestway Direct Limited (Bestway), the second largest wholesale cash and carry operator in the UK. This agreement makes Payzone the clear market leader in cash and carry prepayments.
Under the terms of the agreement, Payzone will offer its full range of prepayment services including utility bill payment, mobile top up and gift cards to Bestway’s retail brands, “Bestway Cash and Carry”, “Best-One” and “Best-in”. Payzone anticipates up to 500 Bestway stores will host Payzone terminals by July 2009, which will generate up to 500,000 new annual transactions for Payzone UK. Paul Charmatz, Managing Director of Payzone UK, said: "I am delighted that Payzone UK has signed another agreement with a leading UK retailer. Payzone’s strategy to reshape the cash acceptance network with the retailer at the centre is paying off. We are taking significant market share as wholesalers and retailers alike recognise Payzone’s ability to provide the best cash collection terms, with the highest margin services, without constraining retailers with exclusivity agreements." Sikander Abbas, Corporate Negotiater, Bestway, said: "We are delighted to offer Bestway’s retailers the chance to access Payzone’s footfall generating services. Payzone’s highly competitive margin and generous cash collection terms, combined with its excellent range of consumer services make them an ideal partner for Bestway." Enquiries Payzone Paul Charmatz Temple Bar Advisory Tom Allison and Nicola Flynn 020 7002 1080 Bestway Sikander Abbas 020 8453 8356 Notes to Editor: Payzone is the new company formed from the merger of alphyra Holdings Limited with Cardpoint plc. Payzone is one of the leading consumer payments and cash distribution networks in Europe. Listed on the AIM market of London Stock Exchange and headquartered in Dublin, it has operations in 21 countries across Europe, processing over 630 million transactions per year on behalf of its clients. These transactions have a yearly value of over €13 billion Euro and are handled electronically through the Payzone network of over 240,000 points of service (terminals, vending units and EPOS tills) at more than 170,000 retail locations across Europe. Payzone also operates approximately 6,000 ATM cash dispensers in the UK and Germany. The Company offers a wide range of services including pre-paid mobile phone top-ups, energy pre-payments, bill payments, pre-paid Visa vouchers, local and housing authority payments, pre-paid Visa and MasterCard payment cards, payment vouchers for on-line shopping, gift card and loyalty programmes, transport ticketing, lottery games, parking and electronic road tolling, debit and credit card acceptance, contactless payment solutions and world-wide money transfer services. For further information visit www.payzoneplc.com |
||||
 |
||||
