14 December 2017
visit www.solutions.lexisnexis.com

Cardpoint acquires mobile top up firm

02 July 2003  |  3970 views  |  0 Cardpoint acquires mobile top up firm

UK independent cash machine operator Cardpoint has acquired the mobile top up division of Project Telecom plc for £1.7 million.

The division, which trades under the name of 'E Top Up', operates approximately 2900 mobile terminals in retail outlets across the UK.

With terminals located in retail outlets such as Moto, Costcutter, Spar and Londis, E Top UP will provide cross-selling opportunites for Cardpoint's independent ATM business.

Mark Mills, chief executive of Cardpoint, comments: "We believe that electronic top-ups will play an increasing important role as it is intended that vouchers, which currently account for a significant percentage of the pre-paid top up market, will be replaced from mid 2004."

In the year ended 31 December 2002, E Top Up reported sales of £4.4 million and an operating loss of £102,000.

The acquisition marks the latest step in Cardpoint's efforts to grow its business and broaden its revenue base and follows last months reverse takeover of Securicor Cash Machines.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Link members vote down Nationwide ATM resolution

Link members vote down Nationwide ATM resolution

26 June 2003  |  5356 views  |  0 comments
Cardpoint in reverse takeover of Securicor Cash Machines

Cardpoint in reverse takeover of Securicor Cash Machines

29 May 2003  |  4164 views  |  0 comments
Nationwide hits out at convenience ATM charges

Nationwide hits out at convenience ATM charges

22 May 2003  |  3857 views  |  0 comments
Link rolls out mobile top-ups across ATM network

Link rolls out mobile top-ups across ATM network

19 May 2003  |  4963 views  |  0 comments
Euronet launches ATM mobile top-up service in India

Euronet launches ATM mobile top-up service in India

09 May 2003  |  4782 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit www.niceactimize.comvisit www.solutions.lexisnexis.com

Top topics

Most viewed Most shared
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
12247 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
9568 views comments | 16 tweets | 22 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
8192 views comments | 17 tweets | 36 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
7405 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
7296 views comments | 20 tweets | 11 linkedin

Featured job

Competitive
Germany, Austria or Switzerland

Find your next job