LONDON, UK: PayPoint has introduced a £750k funding in Optus Homes, a number one app for tenants to handle their home rental account.
The deal will see the PayPoint Group make an funding inside the company, constructing on the recently-signed commercial partnership positioning PayPoint because the popular payment supplier inside the app.
The funding strengthens PayPoint’s MultiPay proposition for the housing sector, because the Optus Homes’ native app payment solution, permitting tenants to pay their rent and handle arrears funds directly inside the app, on the phone, or over-the-counter in 28,000 native retailers throughout the UK, a community bigger than all banks, supermarkets and Post Offices put together.
The housing sector is experiencing a tide of change in how banking and funds are undertaken, with the focus on serving to social tenants in difficulty to higher handle their wants and their rental payments. For many social housing tenants, their cell phone is the one internet-connected device they have, The Optus Homes App enables easy and handy entry to their housing affiliation and safe methods for them to take management of paying their rent.
Nick Wiles, Chief Executive of PayPoint, said: “We’re delighted to be investing into the Optus Homes business, constructing on the partnership that we introduced recently to combine our MultiPay digital funds options into their app. This funding will allow PayPoint to construct on the nice progress made inside the housing sector over the previous few years, increasing monetary inclusion and comfort for social housing tenants and eradicating complexity for social housing landlords.”
Gerry Kelly, CEO of Optus Homes, added: “PayPoint was a pure partner for us as we search to supply digital funds solutions, comfort and peace-of-mind for tenants, in addition to elevated effectivity and reduced prices for housing providers. This funding will assist us ship these advantages to an even broader vary of social housing clients and tenants, with simple, streamlined and safe rent funds and an enhanced buyer experience”.