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(Alliance News) - PayPoint Group PLC on Tuesday said its Collect+ parcel service business had experienced strong volume growth over the Christmas period, fostering confidence in the unit's expansion plans for 2022.
Shares in the Hertfordshire, England-based payment services provider were up 0.5% at 631.00 pence on Tuesday in London.
For November and December 2021, overall parcel volumes increased 11% year-on-year, as over 6.5 million packages were handled across Collect+'s network in spite of virus-related restrictions.
Looking ahead, Collect+ has launched its plans in 2022 to build further on its current performance, with the start of new initiatives including opening its entire network to returns for all carrier partners, expanding the "in-flight diversion" of parcels to convenience stores and parcel locker trials.
"Our Collect+ service continues to go from strength to strength and I'm incredibly grateful to all of our 10,000 retailer partners in helping us deliver our best ever Christmas. As online shopping continues to grow and consumer behaviour evolves post-Covid, we're committed to continuing to enhance our service to help our retailer partners respond to these trends and deliver vital community services across the UK," said Nick Williams, head of Strategic Parcels Partnerships.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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