PayPoint PLC - PayPoint and Lloyds Banking Group announcement

PayPoint Plc

12 August 2025

PayPoint and Lloyds Banking Group partner to deliver over 30,000 cash deposit points across the UK

PayPoint today announces that it is partnering with Lloyds Banking Group to enable consumer cash deposits at over 30,000 locations through its leading retail network across the UK. Lloyds, Halifax and Bank of Scotland, part of Lloyds Banking Group, will be the first high street banks to use PayPoint's BankLocal service, giving greater access to cash services at the heart of communities across the UK.

This new service, rolling out from 26 August 2025, gives Lloyds, Halifax and Bank of Scotland customers a simple and convenient way to pay in up to £300 a day in notes and coins, with the money showing in their account within minutes. Over 99.5% of people live within one mile of a PayPoint location, with stores open long hours, seven days a week.

Local Banking and Access to cash are key organic building blocks for growth for the PayPoint Group, contributing 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.

Nick Wiles, Chief Executive of PayPoint, said:

"Our leading retail network provides a vast range of essential services at the heart of communities across the UK, for everything from banking, utility, parcel, cash and government services. The ability of Lloyds customers to make cash deposits into their accounts at over 30,000 PayPoint locations will deliver more convenience and access for customers close to where they live."

ABOUT PAYPOINT GROUP

For tens of thousands of businesses and millions of consumers, we deliver innovative technology and services that make life a little easier.

The PayPoint Group serves a diverse range of organisations, from SME and convenience retailer partners, to local authorities, government, multinational service providers and e-commerce brands. Our products are split across four core business divisions:

·      In Shopping, we enhance retailer propositions and customer experiences through our PayPoint One/Mini devices, card payment technology, Counter Cash, ATMs and FMCG partnerships in over 67,000 SME and retailer partner locations across multiple sectors. Our retail network of over 30,000 convenience stores is larger than all the banks, supermarkets and Post Offices put together

·      In E-commerce, we deliver best-in-class customer journeys through Collect+, a tech-based delivery solution that allows parcels to be picked up, dropped off and sent at thousands of local stores

·      In Payments and Banking, we give our clients and their customers choice in how to make and receive payments quickly and conveniently. This includes our channel-agnostic digital payments platform, MultiPay, offering solutions to clients across Open Banking, card payments, direct debit and cash. PayPoint also supports its eMoney clients with purchase and redemption of eMoney across its retail network.

·      In Love2shop, we provide gifting, employee engagement, consumer incentive and prepaid savings solutions to thousands of consumers and businesses. Love2shop is the UK's number one multi-retailer gifting provider, offering consumers the choice to spend at more than 140 high-street and online retail partners. Park Christmas Savings is the UK's biggest Christmas savings club, helping over 350,000 families manage the cost of Christmas, by offering a huge range of gift cards and vouchers from some of the biggest high street names.

Together, these solutions enable the PayPoint Group to create long-term value for all stakeholders, including customers,

communities and the world we live in.