TIDMUNG
RNS Number : 5574M
Universe Group PLC
09 January 2019
9 January 2019
AIM: UNG.L
Universe Group plc
("Universe", the "Group" or the "Company")
NEW PAYMENT SERVICE LAUNCH WITH EURO GARAGES
Universe Group plc (AIM: UNG.L), a leading developer and
supplier of point of sale, payment and loyalty systems, is pleased
to announce it has commenced a roll-out with major new customer
Euro Garages Ltd ("EG Group") 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.
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."
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."
This announcement contains inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014 ("MAR").
For further information:
Universe Group plc T: +44 2380 689 510
Andrew Blazye, Non-Executive Chairman
Jeremy Lewis, Chief Executive
finnCap
T: +44 20 7220 0500
Stuart Andrews / Henrik Persson (Corporate Finance)
Richard Chambers (ECM)
IFC Advisory T: +44 20 3934 6630
Tim Metcalfe
Heather Armstrong
About Universe Group plc:
Universe provides some of the world's leading retailers with
point of sale, payment and loyalty solutions. The Group's solutions
are based on its own proprietary software and are offered out of
the cloud on a software as a service model with its data centres
processing over 6 billion transactions every year. For further
information, please see www.universe-group.co.uk
About EG Group:
Founded in 2001 by brothers Zuber and Mohsin Issa, United
Kingdom based 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.
EG Group employs over 20,000 staff working in over 4,700 sites
across various European markets including the United Kingdom,
France, The Netherlands, Belgium, Luxembourg, Italy and the USA. EG
Group has made a significant commitment to delivering a modern
consumer retail offer which exceeds expectations and creates a true
'one-stop' retail destination to satisfy multiple consumer
missions.
The business is regularly recognized for innovation and
investment in convenience retail assets, the employees and the
systems. Zuber Issa and Mohsin Issa, Founders and co-CEOs of Euro
Garages, were jointly named the 2016 NACS Insight European
Convenience Industry Leader of the Year. For further information,
please see www.eurogarages.com .
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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