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Payzone Reports Sales Of €162m For 2015

Payzone Ireland Limited (Payzone) has published its financial results for the 12 month period ending 30 September 2015. The accounts filed with the Companies Registration Office report sales of €162.8 million during that period, compared to €170.9 million in the previous financial year.

The accounts also reveal that card acceptance services accounted for 30% of Payzone’s transactions for the period; transport related transactions accounted for 24%; utility payments 25% and mobile top-ups 21%.

Payzone reported an operating profit of €5.3 million in the accounts. In 2014 it reported an operating profit of €3.2 million. Payzone’s chief executive officer Jim Deignan commented that the results illustrate a change in the company’s revenue mix and business strategy.

“We continued to rebalance our portfolio of products and services to reflect marketplace changes. Through ongoing technology developments we have successfully diversified into a wider range of customised payment solutions, financial services and channels which have improved our overall business performance. We now process over 65 million transactions annually of which online transactions account for over 10%,” he said of the results. Mr. Deignan also remarked on contactless card acceptance transactions as a growth area for Payzone.

Payzone is Ireland’s largest provider of multi-channel consumer payments, with 11,500 points of sale across over 7,000 agents across the country.

© 2016 - Checkout Magazine by Donncha Mac Cóil

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