(Alliance News) - PayPoint PLC on Monday said it has won a multi-year contract with the UK Driver & Vehicle Licensing Agency, to help provide international driving permits.

The Welwyn Garden City, Hertfordshire-based payment services provider said the agreement will see the service move from the Post Office Ltd to PayPoint from April 1. The DVLA contract is for providing international driving permits.

"An international driving permit is a permit that allows you to drive in over 140 countries where a UK driving licence alone may not be enough, including the United Arab Emirates, South Africa, Turkey, Brazil and Japan, with c. 300,000 permits issued each year," PayPoint explained

It said this will add "another important central government service to its portfolio and maintaining vital access to this service at the heart of communities across the UK."

Chief Executive Nick Wiles said: "We are delighted to have been awarded this contract and to forge a new partnership with the DVLA, adding to the growing number of central government services that we operate across our extensive retailer partner network. This is positive news for customers as we maintain access to another vital service at the heart of communities across the UK."

Shares in PayPoint were up 1.2% to 522.00 pence in London on Monday around midday.

By Sophie Rose, Alliance News senior reporter

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