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Universe Group Plc

Universe Group plc Rolls Out New Payment Service For Euro Garages

Jeremy Lewis, Chief Executive of Universe Group plc, commented:

“EG Group has a well-deserved, world-wide reputation for innovation and high levels of customer service. It is an international force in forecourt and convenience retailing and we are delighted to have won our first major contract with them. The Gempay 3 payment solution has been designed to meet the very demanding requirements of the forecourt and convenience sectors and the continuing roll out shows how well it is being received by major retailers.”

Universe Group plc (LON: UNG), a leading developer and supplier of point of sale, payment and loyalty systems, today announced it has commenced a roll-out with major new customer Euro Garages Ltd to provide Gempay 3 payment terminals and payment processing services to 370 petrol forecourts in the UK.

EG Group is a leading petrol forecourt retail convenience operator who has established partnerships with global brands such as ESSO, BP, Shell, Carrefour, Louis Delhaize, SPAR, Starbucks, Burger King, KFC, Greggs and Subway. The business has an established pedigree of delivering a world class fuel, convenience and food-to-go offer, operating over 4,700 retail sites in Europe and the USA.

The Gempay 3 is a market leading payment terminal and supports a full range of debit, credit and fuel cards including contactless, Apple Pay, Google Pay, Samsung Pay and loyalty programmes including Nectar, Clubcard and Star Rewards. The latest PCI-PTS 4 (Payment Card Industry – PIN Transaction Security) compliance allows an extended operating life to ensure excellent return on investment for retailers.

In addition to the 540 payment terminals, Universe will provide EG Group with card processing services through its payment platform. This roll out is now over 80% deployed and is due for completion by April of this year. Payment transaction volumes are increasing rapidly and currently exceed 3 million per month.

Guy Bickerstaffe, EG Group Director of Development, expressed:

“We are always looking for robust, best of breed systems to support our expanding business. The Gempay 3 payment terminals and under-lying payment platform are exactly what we need to ensure, fast, efficient and secure payment processing for our customers. We are looking forward to partnering with Universe into the future.”

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.