Stockport based fintech business, takepayments, plan to expand during 2020 as the UK continues to head towards a cashless society.
Takepayments is the new name for Payzone’s card terminal and EPOS business, providing debit and credit card acceptance to small businesses and sole traders. The company sold its bill payments system to the Post Office in 2018, which will continue to use the Payzone name and brand.
By 2024, it is forecast that 50% of payments will be on debit cards across the UK. Having overtaken cash in 2017, debit cards are the most frequently used payment method in the UK and used for nearly four in every ten payments; nearly 5 million Brits already forgo cash as much as possible.
The Stockport based fintech business is already the fastest growing card payment provider in the UK. Through their rebranding, takepayments are looking to take advantage of the opportunity provided by growing numbers of small businesses and sole traders looking to accommodate these customers, with many going cashless themselves.
Speaking on the rebrand from Payzone to takepayments, CEO Clive Kahn said:
Our ‘make it easy’ strapline describes our value proposition of a high service product and the logo portrays the happy human side of our business.
“We are totally focussed on making it easier for customers. We’ll be delivering innovative ways to help customers make managing their business simple. This includes a wide range of card machines, online payment gateways that are easy to use and Electronic Point of Sale Systems (EPOS), which are essentially a ‘business in a box.’”
The Stockport fintech company plan to improve their customer experience, and bring back some of the human touch in finance.
This people led approach is set to see the brand expand its headcount in 2020, with plans to hire in their Stockport office, as well as in Grimsby.