Online shopping spurs PayPoint

Credit card processing company PayPoint yesterday said increasing internet transactions led it to a four per cent rise in revenues year-on-year for the three months to January.

The firm, whose customers include Sainsburys Local, Asda and the Co-op, processed 193m transactions during the period, up five per cent on last year. The rise in internet shopping over the Christmas period meant an 18 per cent leap in online transactions.