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| [April 09, 2019] |
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PFS has been Granted a New E-Money License by the Central Bank of Ireland
Challenger FinTech PFS, one of Ireland's largest issuers of payment
cards, is Brexit-ready after receiving a license from the Irish
financial Regulator, the Central Bank of Ireland. This is a significant
boost for one of Europe's leading payment operators which is also
licensed by the UK Regulator, the Financial Conduct Authority. This
means that PFS will continue to operate as usual throughout the European
Economic Area post-Brexit.
Noel Moran, CEO at PFS said: "The future looks even brighter
now for PFS with this announcement. It ensures that no matter what
happens with regards to Brexit, our business is prepared for all
scenarios and there will be no impact to our customers and partners. We
look forward to enjoying an excellent working relationship with the
Central Bank of Ireland in the years to come."
In 2019, PFS continues to lead the way in FinTech and the exponentially
growing mobile payments and wearables market. It has advanced expertise
in successfully delivering payment solutions at speed from its agile
Innovation Hub in Ireland and its Technology Centre in Malta.
About PFS
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PFS provides world-class payment technology solutions offering
comprehensive innovation in electronic money. As a pioneer in the
evolution of the FinTech ecosystem, its award-winning solutions include
e-wallets, physical and virtual prepaid cards and IBAN accounts in the
UK and Eurozone. Prepaid Financial Services Limited, trading as PFS, is
Authorised by the Financial Conduct Authority in the United Kingdom. PFS
Card Services (Ireland) Limited, trading as PCSIL, is Regulated by the
Central Bank of Ireland.
PFS is one of Europe's largest e-money issuers and has returned profits
for 10 consecutive years. With programmes active in 25 countries and
growing, the company has the ability to transact in 23 currencies. PFS'
products and state-of-the-art technology platforms are trusted by
governments, local authorities, NGOs, mobile network operators, banks
and corporate clients globally. PFS is an agile FinTech chosen by other
FinTechs to revolutionise the digital economy securely and in real-time.
The company develops a range of trendsetting mobile payment and wearable
solutions securely and seamlessly providing quick and easy integrations
into mobile payment applications.
Explore the future of prepaid financial solutions today as the world
moves towards a cashless society tomorrow by visiting https://prepaidfinancialservices.com
and discover more about PFS' next-generation payment solutions. Contact [email protected]
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190409005517/en/
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