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PayPoint, Lloyds’ BankLocal service completes one million transactions

Wednesday, November 04, 2026 — 17:00:57 (UTC)

PayPoint and Lloyds’ BankLocal service completes one million transactions

· In its first anniversary since launch, there have been more than one million Lloyds customer transactions through PayPoint I Bank Local retailers. · Almost £170m has been deposited into customers’ accounts. . · PayPoint and Lloyds plan to expand card-enabled deposits to more locations across the UK. · This follows a recent increase in PayPoint’s withdrawal limit to £300, giving customers greater flexibility in how they manage their money locally.

Welwyn Garden City, 04 November 2026: More than one million customer transactions have been completed through PayPoint | BankLocal , as PayPoint and Lloyds mark the industry first partnership’s first anniversary.

The service gives customers even more choice in how they manage their money, with access to banking services in PayPoint stores using the Lloyds app or with debit card. Since launch, customers have deposited nearly £170m into their accounts through PayPoint retailers.

Building on the success of the UK-wide service, PayPoint and Lloyds plan to expand card-enabled deposits to more locations across the UK. This follows a recent increase to the withdrawal limit, with customers now being able to take out up to £300.

With many stores offering the service open beyond traditional banking hours, more than 60% of transactions have taken place outside traditional banking hours of Monday to Friday between 9am and 5pm, including evenings, weekends and bank holidays.

Anthony Sappor, Banking and Digital Engagement Services Director at PayPoint, said: “One year on from launching cash services through PayPoint | BankLocal with Lloyds, we’re proud to see the service continuing to grow and offer more customers additional choices on how to access and deposit cash.

“As we plan the next expansion phase of the service, we’re focused on making it even easier for people and businesses to manage cash locally and conveniently, at the times and places that work best for them.”

James Harrison, Consumer Engagement Director at Lloyds, said: “With 28 million customers, we know how important it is for everyday banking to fit easily in people’s lives. As the first high street bank to offer customers the cash deposit service and the easy-to-use in-app feature to deposit cash, it’s brilliant to see the difference its already made. With more locations coming and PayPoint’s increased withdrawal limit, our customers have even more choice in how and when they withdraw and deposit cash in the communities they already live and work.”

PayPoint officially launched PayPoint | BankLocal cash deposits with Lloyds in August 2025, debuting the UK first initiative in partnership with Lloyds Banking Group, including Lloyds and Bank of Scotland.

ENDS

Notes to Editors

For further information contact: PayPoint press office: PayPoint@mhpgroup.com

About PayPoint Group

PayPoint Group is a leading UK‑listed technology, payments, and services business, operating critical national infrastructure that supports millions of consumer and business transactions every day. Organised around four scaled business units, the Group delivers community services, digital payments, rewards, gifting and merchant payment solutions that make millions of people’s lives a little easier.

PayPoint works with corporates, financial institutions, government bodies, fintechs, retailers and consumer brands, delivering secure, resilient and regulated services at scale. Its digital capabilities span multichannel payments, Open Banking, Confirmation of Payee and API‑led platforms, underpinned by an unrivalled national retail network of over 30,000 convenience stores and more than 65,000 retailer partner and SMB locations.

By combining the reliability of a national infrastructure operator with strong digital innovation, PayPoint enables payments and essential services to be delivered securely and at scale to consumers, businesses, and communities across the UK.

PayPoint operates through four core business units:

· Network Services Delivering essential community services through a fully integrated retailer network, including banking services for consumers and SMEs, parcel services, government services and bill payments, alongside digital and consumer engagement solutions.

· Digital Payments & Open Banking A high-growth, technology‑led platform combining digital payments, Open Banking and real‑time data services, enabling secure payment, funds disbursement and data‑sharing solutions for organisations across housing, government, utilities, and financial services.

· Love2shop The UK’s leading rewards, gifting and prepaid savings platform, providing employee reward and recognition, customer engagement, consumer gifting and savings solutions through both digital and physical channels.

· Merchant Services Delivering merchant payment solutions, terminal rentals and business finance to thousands of businesses across the UK, with a strategic focus on supporting sustainable, profitable growth for SMBs and mid‑market merchants. Across the Group, PayPoint is focused on delivering sustainable growth, operational excellence and long‑term value for customers, partners, communities and shareholders

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Source: Company press release.

Categories: Announcement