E-payment provider PayPoint has reported a 6% increase in transactions to 176 million for the four months to 25 July.
However, a decline in mobile top-ups cut the company’s revenues to £61m – a reduction of 4% on the equivalent period last year. That came despite growth in bill payment, internet and retail services.
“Mobile top-ups continue to be adversely affected by the operators offering more value for money to consumers,” PayPoint said.
PayPoint added that it had installed 212 terminals during the period, taking its total estate to 28,024.
The results come with PayPoint locked in a bitter war of words with Camelot over the lottery operator’s plans to provide its own e-payment service.
Camelot steps up war of words with PayPoint (6 August 2010)
PayPoint goes on offensive over ‘false’ Camelot claims (5 August 2010)