PayPoint expands partnership with Yodel and Vinted

LONDON: PayPoint Plc is pleased to announce that it is expanding its partnership with Yodel and Vinted across its Collect+ network, the leading Out of Home parcel pick up, drop off and send service in the UK.

The multi-year agreement will see significant transaction growth processed through the recently launched Collect+ Store to Store service, leveraging the superior in-store consumer experience delivered via PayPoint’s retailer partners in over 10,000 locations across the UK and building on the strong growth delivered in the Collect+ business over the past two years.

The growth in Vinted follows a dramatic rise in popularity of selling and sourcing pre-loved fashion, with consumers making more sustainable choices and demanding more convenient and greener delivery services.

Nick Wiles, CEO of PayPoint, said: “We are delighted that Collect+ will be playing a key role in this expanded partnership with Yodel and Vinted. As consumer channel shift continues to move towards Out of Home and greener delivery choices, our fantastic retailer partners will now have an even greater opportunity to serve the needs of their customers in communities across the UK through our leading OOH network.”

“We remain fully committed to investing further in the in-store consumer experience, through technology and operational support for our retailer partners, as well as continuing to grow our Collect+ network to service the strong growth in this area.”

PayPoint is looking forward to updating the market further on progress across the Group at its interim results for FY24 which will be released on 23 November 2023.