Digital payments expert PayPoint has completed the acquisition of RSM 2000 Ltd, a leading provider of innovative digital payment services.
The move marks a further step change in PayPoint’s strategic delivery; RSM 2000 boasts a significant portfolio of clients across sectors such as charities, not-for-profit organisations and SMEs in the UK, organisations which will bolster PayPoint’s market reach.
PayPoint is well-placed to take advantage of the trends that have accelerated over the past year due to Covid-19, including the continued shift from cash to digital payments, and the acquisition of RSM 2000 - which offers Direct Debit services, card payments and text donations amongst other services - reinforces that position. The UK Direct Debit market continues to expand, with over 4.5 billion payments with an overall value of £1,327 billion made in 2019. Direct Debits are used by 90% of the UK population to pay some or all of their regular bills.
The acquisition will significantly enhance PayPoint’s existing MultiPay digital payments portfolio: bringing Direct Debit capability in-house, adding innovative mobile payment products and enabling reach into new sectors, such as charities, not-for-profit and events. The innovative EventPay solution from RSM 2000 provides card terminal hire and connectivity for SMEs attending shows and fayres across the UK - an opportunity of over 30,000 events a year with over 10,000 visitors.
Danny Vant, Client Services Director, PayPoint comments: “Our acquisition of RSM 2000 is the latest step in the acceleration of our strategic delivery, strengthening our position further to take advantage of the trends that have accelerated over the past year due to Covid-19, particularly the continued shift from cash to digital payments. We are delighted to welcome everyone at RSM 2000 to the PayPoint Group and are looking forward to working together to grow our digital payments capability.”
Nigel Waters, Managing Director of RSM 2000 Ltd adds: “This move is an exciting one for RSM 2000 as it enables us and our customers to benefit from the expertise and greater breadth of digital payment channels that the PayPoint Group offers. Both organisations are committed to delivering the high quality of service and solutions that our customers have come to expect as we integrate into the PayPoint team in the coming months.”