PayPoint and Lloyds Banking Group announcement

PayPoint today announces that it is partnering with Lloyds Banking Group to enable consumer cash deposits at over 30,000 locations through its leading retail network across the UK. Lloyds, Halifax and Bank of Scotland, part of Lloyds Banking Group, will be the first high street banks to use PayPoint's BankLocal service, giving greater access to cash services at the heart of communities across the UK.

This new service, rolling out from 26 August 2025, gives Lloyds, Halifax and Bank of Scotland customers a simple and convenient way to pay in up to £300 a day in notes and coins, with the money showing in their account within minutes. Over 99.5% of people live within one mile of a PayPoint location, with stores open long hours, seven days a week.

Local Banking and Access to cash are key organic building blocks for growth for the PayPoint Group, contributing towards the delivery of our £100m EBITDA target in the current year and our longer-term growth targets for the next three years to the end of FY28.

Nick Wiles, Chief Executive of PayPoint, said:

"Our leading retail network provides a vast range of essential services at the heart of communities across the UK, for everything from banking, utility, parcel, cash and government services. The ability of Lloyds customers to make cash deposits into their accounts at over 30,000 PayPoint locations will deliver more convenience and access for customers close to where they live."