Irish e-payments company Payzone reports 5pc jump in turnover to €234m

19 Jul 2012

PayZone – which operates a network of 11,500 retail points of sale across Ireland – this morning reported a 5pc increase in turnover to €234.3m.

Profit before tax for the period was €5.8m, down from €6.2m in the previous year.

Payzone has a nationwide network of 11,500 retail points of sale which process a variety of electronic transactions services, including mobile phone top ups, debit/credit card transactions, M50 motorway toll payments, Luas travel cards, and pre-paid utility cards.

“Increasingly, we have expanded from the traditional mobile phone top up sector into providing convenient, cost-effective and secure payments services for both private and public sectors,” the managing director of PayZone Jim Deignan explained.

“Payzone has already delivered a range of solutions for public-sector organisations, including payments services for Leap Card, prepayment utility meters, payment systems for domestic refuse and recycling, and parking tags.

“We believe that Payzone is ideally placed to support the public sector with cost-effective and efficient payment channels and that many of our solutions could address the issues and challenges being faced by many public-sector organisations.

“For example, Payzone could implement a convenient, cost-effective solution that reaches all households nationwide for the collection of various charges and taxes, such as the household charge or water rates,” he said.

Mobile commerce image via Shutterstock

John Kennedy is a journalist who served as editor of Silicon Republic for 17 years