PayPoint merges online and mobile businesses

20th May 2014 12:27

Electronic bill payments provider PayPoint Group has merged its internet and mobile payment businesses as a first move towards developing a series of multi-channel payment propositions.One of the first applications of the new integrated capability will be Smart Metering, enabling energy providers for the first time to give their customers a seamless choice of paying in cash, or via mobile or online channels.Dan Salmons, Managing Director of the newly created PayPoint Mobile and Online, said: "Customers want to pay by mobile or online with a convenient, simple, seamless experience. As a result, many organisations are suddenly finding they need more sophisticated payment solutions that can keep up with the rapid changes in technology, consumer behaviour and regulation."By combining our unrivalled expertise in mobile and online payments, we can manage payments from app to bank, making it simple for organisations to resolve their payment needs. Our modular platform means we can rapidly develop a wide range of solutions from home energy to urban mobility, online gaming to financial services."The new business already has 7m customer registrations for its mobile services and handles almost £5bn in consumer payments annually. Shares in PayPoint were up 1.5p, or 0.14%, to 1,096.5p at 12:40 on Tuesday.OH