PayPoint Invests in Future of Open Banking

Paypoint (GB:PAY) has released an update.

PayPoint Plc has invested £1 million in Aperidata Ltd, enhancing their Open Banking and multichannel payments platform, with a recent collaboration already markedly reducing debt advisory times. This move aligns with PayPoint’s strategy to diversify digitally and grow in Open Banking, aiming for a £100m EBITDA by FY26. Aperidata’s innovative approach to credit scoring using real-time financial data is expected to drive further market success.

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