How to ease financial burden this Christmas?
By Puja Sharma
To ease the financial burden of Christmas, local authorities embraced PayPoint’s ‘Cash Out’ for residents.
This winter to ease the financial burden, vulnerable households across the UK have been given access to a new multi-million support fund from Government to help them with essentials over the coming months. The Household Support Fund in England and Wales and the Winter Support Fund in Scotland are available to millions of households and are being distributed by councils who know their local areas best and can directly help those who need it most, including small grants to meet daily needs such as food, clothing, and utilities.
Liverpool and Warwickshire Councils are the latest to join 96 local authorities and housing organizations across the UK in providing convenient and immediate access to vital Government benefits in cash this Christmas, with their partnership with digital payment expert PayPoint.
Alternative Cash Out solution
Last year, over £80,000 worth of Government benefit vouchers were redeemed at PayPoint retailers on Christmas Day and Boxing Day alone, confirming the peace of mind its 28,000 strong retailer network and Cash Out solution delivers. Nearly £2 million worth of Cash Out vouchers were redeemed by consumers during the 4 days leading up to Christmas Day.
However, PayPoint’s alternative Cash Out solution, embraced by tens of thousands of councils across the UK, works in real-time to seamlessly enable eligible families to receive vouchers via email, letter or SMS to be presented to obtain a cash payment at any of its retailers’ outlets.
Access to the Cash Out facility is via an online portal which removes the need for local authorities to invest in any development and requires minimal setup.
The PayPoint Group serves a diverse range of organizations, from SMEs and convenience retailer partners to local authorities, multinational service providers, and e-commerce brands. Our products are split across three core business divisions:
- In Shopping, PayPoint enhances retailer propositions and customer experiences through EPOs services via PayPoint One, card payment technology, ATMs, and home delivery technology partnerships in over 60,000 SME and retailer partner locations across multiple sectors.
- In E-commerce, it delivers best-in-class customer journeys through Collect+, a tech-based delivery solution that allows parcels to be sent, picked up, and dropped off at thousands of local stores
- In Payments and Banking, PayPoint helps companies, and their customers make and receive payments quickly and conveniently.
“PayPoint is committed to helping families gain access to the financial support they need, when they need it, helping them overcome their challenges. We have been able to quickly facilitate the distribution of government benefits on mass and fast,” Danny Vant, Client Services Director for PayPoint said.
Changing landscape
Crucially, across the UK 99.5% of the urban population live within one mile of a PayPoint store and 98.3% of the rural population live within five miles of a PayPoint store, research by the company has shown.
With Cash Out, PayPoint retailers have been able to broaden their range of payout solutions to meet the needs of all residents receiving government support, and crucially, this will continue throughout Christmas and the winter months.” Vant added.
In addition to delivering immediate financial aid to families, councils working with PayPoint are also using Cash Out to reimburse the travel expenses of the volunteers who tirelessly deliver medicines and prescriptions to individuals shielding during the winter months.
“Our Cash Out solution has proven to be a hugely viable alternative for an increasing number of authorities who want to deliver cash to their residents and volunteers as quickly and conveniently as they can. This, in turn, is easing the financial strain on communities across the UK, as well as supporting local businesses by encouraging more customers into local stores in the PayPoint network,” he noted.
IBSi FinTech Journal

- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage
Other Related News
Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q4 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More