PayPoint’s CounterCash service live in 2,000 stores

PayPoint’s CounterCash service is now live in 2,000 stores.

The service, which launched at the end of last year, allows consumers to access cash services locally.

The payments firm said its consumers withdrew more than £300,000 over the counter with an average value of £24.18 during the last week in January, and that almost half of the participating stores have carried out a transaction to date.

“Our Counter Cash service has proven popular with consumers and retailers since launch and this important milestone demonstrates our continued, long-term commitment to ensuring that cash access is protected,” said Nick Wiles, chief executive officer at PayPoint. “We look forward to seeing even more of our retailer partners benefit from offering the service as we expand it further in the coming months.”

“Counter Cash provides an incredibly convenient way for the millions of people who depend on cash to make withdrawals to a value of their choice up to £50.”

He added: “We are proud to be the first of LINK’s members to launch and expand this service, making a real difference to local communities.”

    Share Story:

Recent Stories

New Business Frontiers
FStech’s Mark Evans discusses the future of financial services with Liu Jianning of Huawei, covering the limitations that current thinking can impose, how financial institutions can embrace technology to be both agile and resilient, and making space for the organisation to focus on the job of creating innovative business models and on delivering business value for their customers.

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.