PPS, an Edenred subsidiary and a one-stop-shop for prepaid and fintech programmes, has announced its partnership with alternative e-money provider for the financially excluded Suits Me.
Launched in 2015, Suits Me is an established, award winning UK-based alternative to traditional high street banks for customers looking for hassle-free banking, such as those arriving in the UK for seasonal work with no track record of address or credit history, and those in financial difficulty looking for a fresh start account.
Following the migration of the majority 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 is now able to offer services including Debit BIN, Mastercard Settlement, Banking Service, BACs In, CHAPs In, Direct Debit, Direct Debit Indemnity Claim and PayPoint cash load.
Richard Lynch, Managing Director of Suits Me, commented: “We believe that everyone should have access to financial services, no matter of their background and financial position. Thanks to PPS these are incredibly exciting times for Suits Me as our partnership will not only increase our best-in-class product portfolio for the underserved, it will also allow our business to grow with fewer restrictions, enabling more flexibility and ease of use for our customers who are the heart of everything we do. Our partnership with PPS is something we are extremely proud of with the migration and change of scheme completed remotely during lockdown along with a new card design.”
Ray Brash, Chief Executive Officer of PPS, added: “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.”
