Skip to content
Search
AI Powered
Latest Stories

PayPoint to invest £6.6m in Snappy Group

PayPoint has today announced a £6.6m investment in the Snappy Group home delivery business. The deal will see PayPoint acquire a stake in the Dundee-based firm with PayPoint Group’s CEO, Nick Wiles, taking a seat on the Snappy Group board.

The investment follows the announcement last month of a partnership between the two, in which PayPoint One EPOS customers will be given access to the Snappy Shopper platform, and with it the ability to offer home delivery and click-and-collect options to local shoppers.


Consumer demand for local home delivery has exploded over the past 18 months with the Covid-19 pandemic accelerating growth and businesses across the UK needing tech-driven, cost-effective digital solutions to service their local communities. The appetite for shopping local is showing no signs of slowing, with PayPoint research conducted earlier in the year confirming that two in three people said their local convenience store has become more important to them over the past 12 months and over a quarter will continue to do more local shopping as restrictions ease.

“This investment will enable PayPoint and our network of convenience retailer partners to remain at the forefront of retail and consumer trends,” said Wiles.

“Demand for the fundraise exceeded our expectations and we are pleased to have attracted such high-profile investors." added Mike Callachan, Co-founder of the Snappy Group. "We are well placed to empower local business to offer another great service to their customers, and better compete in this fast-changing retail market.”

More for you

Poundland staff using body cameras to reduce retail crime

Pound land deploys bodycam reduce crimes

Highstreet chain sees drop in crime with body cameras

Variety store chain Poundland has seen a significant reduction in serious incidents of theft and lesser cases of anti-social behaviour after installation of body cameras, one of its top executives has stated.

Calling body cameras are a "great visual deterrent" Adam Starkey, Investigations Manager at Poundland stated, "Since installation of the body cameras, we have seen a significant reduction in serious incidents.

Keep ReadingShow less
Retailer celebrates MADL milestone with hospital donation

Retailer celebrates MADL milestone with hospital donation

Scottish independent retail chain PGNJ Group has reached a significant milestone in its ongoing support for Glasgow charities, with total donations now exceeding £20,000.

This incredible achievement reflects the dedication and generosity of PGNJ colleagues and customers across its 11 stores, with further locations in development for 2025.

Keep ReadingShow less
Benefits of physical cash

Cash remains the most inclusive payment method.

New research highlights the benefits of physical cash

Using cash not only affects consumer spending habits but also supports a deep psychological sense of ownership - something rarely experienced with digital transactions, shows a new research exploring how different payment methods influence spending behaviour.

The study, published in Qualitative Market Research in late 2024, reinforce the well-documented advantages of cash, such as its accessibility, resilience, and data privacy.

Keep ReadingShow less
Rising crime and theft

Rising crime and theft

Specialty wholesaler spending 'fortune' to combat rising crime

Specialty wholesaler Cotswold Fayre has been paying a hefty amount to combat rising crime and theft on its depots by installing CCTVs and extra staff on the shop floor.

Paul Castle, managing director of Cotswold Fayre, a specialty wholesaler based in Reading, told BBC that it “paid a fortune” to have CCTV cameras installed in its two sites while employing extra staff to reduce theft loss.

Keep ReadingShow less
Trump tariffs hit sales recovery

Trump tariffs hit sales recovery

Diageo says Trump tariffs could hit sales recovery

Diageo, the company behind Smirnoff vodka and Johnnie Walker whiskey, has said US tariffs could damage a recovery in its sales, hitting its tequila portfolio and Canadian whisky in particular.

Debra Crew, the chief executive who took over in June 2023, today (4) said that Diageo had planned for a number of potential scenarios regarding tariffs, but said the new duties announced over the weekend “could very well impact this building momentum".

Keep ReadingShow less