The PayPoint network was set up in 1996[2] with the aim of enabling customers to load gas and electricity onto their pre-paid energy meters in cash at their local convenience store.

[4] First tested in Northern Ireland, the system was expanded to London in 1997 and in 1998, British Gas prepayment meter customers were able to charge their Quantum smart cards at PayPoint retailers.

[2] Following continued growth and public listing, in 2006, the company became the exclusive cash payment network for the BBC's TV Licence fee.

[6] In September 2010, PayPoint completed the acquisition of Verrus,[7] a pay-by-phone parking payment provider and re-branded in North America and Europe under the brand name, PayByPhone.

[13] This service is available through almost 6,000 of the PayPoint retail network in the United Kingdom and allows customers to collect and send packages at their local convenience store.