PayPoint has confirmed the retirement of its old yellow terminals will be completed by December 2019 as it revealed that more than 9,000 retailers are now using the updated PayPoint One technology.

PayPoint One provides cloud-based epos, contactless payments and PayPoint such as Collect+ services to retailers.

The 9,000-store milestone means nearly half of PayPoint’s yellow terminals have converted to the new platform, and a further 4,000 are due to roll out over the next year.