PayPoint & Lloyds Bank enhance merchant services for UK SMEs

By Gloria Methri

PayPoint Group and Lloyds have expanded their partnership across the UK to more than 60,000 small and medium enterprises (SMEs).

This partnership promises to empower thousands of SMEs with a comprehensive banking and payment offering by combining PayPoint and Handepay’s widespread network of merchants with Lloyds’ merchant services.

With this enhanced service range in place, PayPoint and Handepay can accelerate growth across their merchant estates and deliver better tools, support and experience for their SME and retailer partners.

SME businesses using merchant services arranged by Handepay and PayPoint can enjoy benefits with Lloyds, such as next-day settlements, a faster onboarding experience, a dedicated app, and additional customer data and insights.

The new Handepay Merchant Mobile App allows SME owners to manage their businesses at the touch of a button through consolidated sales and transaction updates, summarised sales performance, trends and transaction filters. Merchants also benefit from the Handepay Loyalty Programme, which gives them access to a range of products and services provided by Handepay and its partners to help them run their businesses to their full potential.

Nick Wiles, CEO of PayPoint, said, “Lloyds is a long-term partner of PayPoint Group and already a trusted provider of business banking and payment services to SMEs. Our expanded partnership represents PayPoint’s continued commitment to bringing the best possible access to growth-boosting partnerships and services for our SME network of over 60,000 businesses.”

Melinda Roylett, Managing Director, Lloyds Merchant Services, said, “Businesses, especially small ones, need simpler and quicker ways to get up and running with payments. That’s why Lloyds Merchant Services has made huge investments in flexible yet robust POS and processing tech, partnerships, funding options and value-added services. Already, one in five UK small businesses choose to bank with Lloyds. This expansion of our long-standing partnership with PayPoint Group demonstrates our commitment to serving the UK’s small businesses and retailers by giving PayPoint’s 60,000 merchant partners the same cutting-edge tech, low-cost services and benefits as large enterprises.”