back Back

PPS partners with alternative banking e-money provider Suits Me

By Joy Dumasia

November 15, 2021

  • Digital Transformation
  • Edenred
  • Europe
Share

PPS, an Edenred subsidiary and a one-stop-shop for prepaid and FinTech programmes, announces its partnership with an alternative e-money provider for the financially excluded Suits Me, following its migration from Banking as a Service Provider, Contis.

Following migrating most of its customer base from its previous provider, Contis, Suits Me has completed its integration with PPS’ platform to enable a wide range of services. By utilising PPS’ technology and licences for issuing cards and e-money, Suits Me can offer Debit BIN, Mastercard Settlement, Banking Service, BACs In, CHAPs In, Direct Debit, Direct Debit Indemnity Claim and PayPoint cash load.

The diverse range of products and services gained by a single integration into the PPS platform has enabled a wider audience for Suits Me that has imminent plans to increase its presence in Europe over the next two years. Already boasting a multi-lingual customer care team, the established FinTech player is now able to offer international transfers at greatly reduced rates with greater freedoms to onboard new customers with an easier and quicker experience to sign up and start an account.

PPS will support Suits Me’s plans, providing greater flexibility to develop and grow with more ownership over customer relationships while gearing up for European expansion with multi-lingual customer service agents already servicing existing Suits Me cardholders.

Ray Brash, Chief Executive Officer of PPS, said: “Through our commitment to technology, innovation and expansion, PPS’ processing platform is playing a vital role in powering a range of fintechs to improve services for the people outside the current financial system. We are immensely pleased to have partnered with Suits Me to support those in financial difficulty, including migrant workers living here where English may not be their preferred or first language. By enabling accounts for all while providing added services such as a cashback reward scheme at various online and high street retailers, we can continue to offer enhanced comprehensive solutions to financially excluded customers.”

Previous Article

November 15, 2021

FAB partners with Ascenda to launch affluent credit card portfolio

Read More
Next Article

November 15, 2021

5 FinTech Tweets you should see!

Read More








IBSi Daily News Analysis

Cybersecurity, financial services

May 17, 2024

Digital Transformation

Most of KSA organizations uses AI in their cybersecurity strategies, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

May 17, 2024

Niyogin acquires ‘Superscan’ from Orbo.ai to propel AI-led neo-banking

Read More

May 17, 2024

FinTech Focus: Catch latest developments of the week

Read More

May 17, 2024

Mastercard, Standard Chartered, Mox & Libeara to support tokenised assets

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023