PayPoint and Teya announce new partnership to facilitate cash deposits
PayPoint has announced a new partnership with Teya, leading to the launch of a new service for Teya Business Account holders at PayPoint stores nationwide.
Teya customers will now be able to access a convenient cash payment service whey they can add funds directly into their business accounts at over 29,000 PayPoint stores across the UK.
Initiated via the Teya app, the process is quick, allowing customers to put cash for a specified amount, by generating a unique barcode. The PayPoint agent can then scan the customer’s barcode, facilitating a seamless and efficient transaction.
The innovative service is a significant enhancement to Teya’s Business Account offering and allows customers to take their cash conveniently to a location close to their premises. With the rise of bank branch closures, Teya customers can now benefit from the widespread accessibility to cash services to put cash into their accounts.
Jo Toolan, Managing Director of Payments at PayPoint said: “We are pleased to partner with Teya and offer a new level of convenience for its Account holders.
“We are always looking for innovate technological solutions that provide tangible operational benefits, such as saving time, and believe the new cash service offers an accessible financial solution to the needs of many local businesses and busy entrepreneurs across the UK.”
Siddhartha Ram, Product Director at Teya added: “We are proud to meet the needs of our members by launching a new cash service linked to the Teya Business Account.
“We consistently hear from our members that cash sales remain important, and this new service empowers them to manage their cash easily and securely. We are pleased to partner with PayPoint, whose broad network of outlets provides fantastic convenience for our members across the UK.”
