PayPoint plc was established in 1996, an era when people were looking for ways to manage their expenditure in terms of energy use. Besides paying for gas and electricity, users could use the service to pay for other bills like cable bills, water, and local taxes. Today, PayPoint Plc is a holding company that oversees subsidiaries across Europe and North America.
The company offers its products and services through two major segments. MultiPay streamlines payment processing for PayPoint clients as well as routing transactions in an integrated manner. As such, clients get to experience high-level convenience and flexibility. The other segment is PayPoint One. This platform integrates all payments channels in a single device. Users get to pay bills, top-up their accounts, and transfer cash all in one device.
The United Kingdom is the primary market for PayPoint. In addition, the company operates in North America, Ireland, and Romania. PayPoint is listed on the London Stock Exchange with PAY as the stock symbol. The company is part of the FTSE 250 component.