Although mobile phone top-ups continued to slide, PayPoint has reported a surprise increase in other UK transactions over the key Christmas period.
The payment provider said the 6% rise in bill and general payments for the three months to 26 December was ahead of its expectations. Its performance was helped by higher spending on prepaid electricity and gas tariffs during the severe weather.
But revenues from mobile phone top-ups declined by £1.6m compared to the equivalent period last year.
Overall revenues were up by 1% to £51m.
Retailers back Camelot’s commercial services plans (Convenience Store; 24 January 2011)
Better service boosts profits at PayPoint (27 November 2010)