Paypoint cashes in on strong growth

Cash and internet payment firm PayPoint celebrated strong growth across the business with forecast-beating profits today.

The firm – best known for its terminals in newsagents and shops allowing customers to pay their household bills, buy mobile top-up cards, television licences and transport tickets – saw pre-tax profits jump by almost a third to £14.5m (€20m) in the 27 weeks to September 30.