PayPoint renews EG deal as it quits Romania

Euro Garages forecourt

PayPoint has extended its partnership with Asda’s new owner, EG Group.

The move will see the continuation of PayPoint’s bill payment and parcel services in nearly 400 of EG Group’s forecourt sites across the UK.

Danny Vant, Client Services Director at PayPoint, said: “We’re delighted to renew our partnership with EG Group. The extension of our partnership means customers can continue to access our bill payment and parcel services at key forecourt outlets across the country.”

The news came as PayPoint announced the sale of its Romanian operation to Innova Capital for around £47m.

The Romanian business has been a member of the PayPoint family for 13 years and made a pre-tax profit of £6.8m in the last financial year.

The sale sharpens PayPoint’s focus on its UK business, which is where the deal’s proceeds will be invested.