PayPoint launches new terminal for retailers

The new terminal, which is expected to replace the existing second generation terminal over time, combines electronic point of sale, card payments and PayPoint services in a single platform.

Features include quick payments with integrated contactless, Apple Pay and Android Pay to improve customer experience and reduce queue times and the terminal has an 11.6 inch touchscreen and advanced connectivity through Bluetooth, Wifi and broadband.

Chief executive Dominic Taylor said: “The new platform, which has been designed to be future proofed for evolving retailer and consumer needs and is a significant enhancement to our service offering. It enables the retailer to have complete flexibility and control while ensuring that PayPoint is embedded even deeper into retail store operations.

“Innovation is the key to staying relevant and we are confident that the technology in the PayPoint One terminal puts us in a strong position in the retail technology market, while most importantly providing the crucial technology to help retailers grow their businesses.”

At 1207 BST, the shares were down 0.7% to 1,001p.