Payzone, Ireland’s largest consumer payments network, has announced that it has acquired the EasyPaymentsPlus and MyEasyPay payment platform businesses developed by Irish owned FeePay Ltd. FeePay Ltd. was originally established in 2009 by its founders, Mary Kelly and Paddy Meehan.
In recent times, Payzone has been diversifying further into customised payments solutions as consumers look to conduct more transactions electronically. Both the EasyPaymentsPlus and MyEasyPay online platforms provide Payzone with a complementary offering that can now be deployed across its multiple channels and through its physical retail network comprising over 3,000 branded Payzone retail agents located throughout the country.
EasyPaymentsPlus provides organisations such as schools, clubs and small businesses with a ready-made ‘branded’ online payment facility and data management tools that enable their customers/members to make easy, secure payments. Over €40 million worth of transactions are processed annually, with over 140,000 people registered and making payments through the system. Clients include such organisations as Leinster Rugby, ISME, The National Performing Arts School, in addition to over 500 schools and clubs nationwide.
The MyEasyPay system is designed for people such as tradespeople, field sales teams, private contractors and professional associations who wish to get paid online or by phone. The solution provides a facility to allow users to get paid online and supports this service with reporting tools to track payments and help with bank reconciliation.
Commenting on his company’s latest acquisition, Jim Deignan, CEO at Payzone Ireland said: “We are really looking forward and excited to be bringing the EasyPayments Plus and My EasyPay payment platforms into the Payzone family. These very popular services are an excellent fit for the Payzone brand and will enable us to bring further innovative services to our consumer base around the country that deliver more choice, convenience and the ability to make payments easier for our customers.”
Mary Kelly, Managing Director at FeePay Ltd, will continue in her role and join the management team at Payzone. Commenting on this latest development, she said: “Being part of the Payzone network will provide us with the scale and reach we require to grow the business exponentially. Our customers will also benefit greatly from having more direct access to the wider range of payment locations provided by Payzone.”
Payzone distributes payments services and products on behalf of a broad range of clients which include Government agencies, local authorities, utility companies and mobile network operators. It currently processes over 90 million transactions annually across its portfolio of electronic transactions services.
FeePay Ltd is currently based in Shankill, Co. Dublin and employs nine people.
Payzone, which was acquired in April 2015 by Carlyle Cardinal Ireland (CCI), the Irish private equity fund founded by The Carlyle Group and Cardinal Capital Group, employs over 80 people based in its Sandyford head office in Dublin.