PayPoint has announced a partnership with Teya, a provider of card payment solutions for businesses.
Teya customers can now access a cash payment service where they can add funds directly into their business accounts at over 29,000 PayPoint stores across the UK.
The process works via the Teya app where customers can put in cash for a specified amount by generating a unique barcode. The PayPoint agent then scans the barcode to complete the transaction.
With the number of bank branch closures increasing, the service lets customers make cash deposits conveniently at a location close to their premises.
Jo Toolan, Managing Director of Payments at PayPoint, said: “We are always looking for innovate technological solutions that provide tangible operational benefits, such as saving time, and believe the new cash service offers an accessible financial solution to the needs of many local businesses and busy entrepreneurs across the UK.”
Siddhartha Ram, Product Director at Teya, added: “We consistently hear from our members that cash sales remain important, and this new service empowers them to manage their cash easily and securely.”
