Banking

UK’s Payzone rebrands to Takepayments

Takepayments is the new name for Payzone’s card terminal and EPOS business, launching as a new fintech this year in a bid to “disrupt the card payments market in 2020”.

Takepayments CEO Clive Kahn

The north UK-based fintech, which works with Barclays to power payments, sold its bill payments system to the Post Office in 2018, which continues to use the Payzone name.

As well as rebranding, Takepayments is also set to expand its headcount this year, creating more jobs in and around the Stockport area where it’s headquartered, as well as Grimsby.

The fintech hopes to further support small business and sole traders going into the new decade, already boasting a user base of more than 45,000 businesses taking payments through its platform.

Heading up the new brand is CEO Clive Kahn, who previously spent 21 years at Travelex – eventually becoming its CEO – and more recently headed up card processing company Cardsave, before chairing Alpha FX Group. Khan has now spent more than four years driving the helm of Payzone turned Takepayments.

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“Our ‘make it easy’ strapline describes our value proposition of a high service product and the logo portrays the happy human side of our business,” says Khan.

“We’ll be delivering innovative ways to help customers make managing their business simple. This includes a wide range of card machines, online payment gateways that are easy to use and Electronic Point of Sale Systems (EPOS), which are essentially a ‘business in a box’.”

Khan reckons that the small and medium enterprise (SME) market needs personalisation and a company which speaks plainly without “boring jargon”, as well as enthusiastic people which instil confidence in SMEs to take card payments, and shorter contracts – he says Takepayments offers “one of the shortest on the market” at 12 months.

Read next: Finnish SME banking service Holvi launches in UK

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