PayPoint plc (PAY.L) announced the completion of the acquisition of Verrus Mobile Technologies Inc. and of Verrus UK Ltd., which was announced on Thursday 4 March 2010. Verrus has been acquired for an initial consideration of £25 million plus £4 million deferred consideration and £4 million consideration contingent on the cumulative results of Verrus until 31 March 2013, the company stated.
In addition, PayPoint noted that it would benefit from substantial growth in the market for PayByPhone parking, extension of PayByPhone into other applications; and synergies from broadening PayPoint's service offering.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.