PPS partners with French FinTech Vybe

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PrePay Solutions (PPS) today announced its partnership with FinTech Vybe. Vybe will utilise PPS’ e-money licenses and tech infrastructure for rolling out PPS-powered Mastercard virtual card as standard. The FinTech’s users can select a physical, contactless card, that can be used for POS payments and ATM withdrawals anywhere that accepts Mastercard.

Ray Brash, CEO of PPS, commented on the partnership, “Unlike Millennials who witnessed the rise of the digital age, Gen Z has never known a world without smartphones, social media and instant access to information. This trend-setting company has huge growth plans following the initial launch in France, and we’re excited to continue supporting with an ever-evolving product roadmap to meet the demands on this demographic who are changing the face of fintech.”

FinTech Vybe offers a free payment card for youth aged 13 to 18 years old. The users are provided with a French IBAN and are enabled to make purchases with their mobile phone. The FinTech also offers a secure mirror homepage to enable parents to keep tabs on spending and making instant transfers. Vybe’s e-wallet aims to enable clients to spend and utilise their full debit BIN capabilities.

Vincent Jouanne, CEO and Co-founder of Vybe added, “Together, with the hard-working PPS team, we have created something truly special that is redefining financial services for a generation that has historically been facing difficulties in accessing such programs. As one of the first in the space committed to teenagers, we hope to receive back the same loyalty we have provided, expanding further across Europe and into the UK, and achieving 300,000 sign ups by next year.”