What Edenred Payment Solutions does

Edenred Payment Solutions operates as an embedded finance and Banking-as-a-Service (BaaS) platform, providing regulated payment infrastructure, card issuing, and e-money account services to enterprises, fintechs, insurers, retailers, and travel companies. The company is a trading name of PrePay Technologies Ltd., a wholly-owned subsidiary of Edenred Group (publicly listed on Euronext Paris as EDEN). It holds dual E-Money Institution authorisations in the UK (FCA registration 900010) and the EU (PPS EU SA, regulated by the National Bank of Belgium), with additional agent entities in France (Edenred Corporate Payment SAS) and the UK (Edenred Corporate Payment UK Limited). The platform has processed more than €35bn in transaction value, supported by an in-house payment processing platform running at 99.99% uptime with 24/7 availability.

The platform is organised around four core product modules: Accounts & Payments (e-money accounts with UK Sort Code/Account Number and EU IBAN support plus Confirmation of Payee), Card Issuing (virtual and physical Mastercard and Visa cards with configurable spend limits, MCC filtering, 3DS-compliant payments, and tokenisation for Apple Pay and Google Pay), Processing (in-house card and payment flow processing with real-time Delegated Authorisation), and Complementary Services. These modules are deployed across five primary use cases (Embedded Finance, Digital Banking, Gift Card, B2B Payments, Buy Now Pay Later) and four industry verticals (Insurance, Retail, Fintech, Travel). Notable proprietary capabilities include unique Virtual Card Number generation per claim for automated reconciliation, MCC-based spend controls for disbursement fraud prevention, and branded white-label card programs.

Revenue is generated from transaction processing fees, card-issuing service fees, and BaaS platform licensing (including BIN sponsorship and API access), with an enterprise quote-based pricing model and no publicly disclosed pricing. Distribution combines direct enterprise field sales, an API-first developer channel, and an agent/reseller network leveraging Edenred Group corporate payment entities. The named client base includes more than 20 disclosed logos across geographies, such as Monese (2M+ users across 31 EEA countries), Sainsbury's (1.2M digital products delivered), ViaBill (490,000-strong member network), Countingup, Sprive, Thinkmoney, WonderDays, New Look, PayByPhone, and TUI, alongside Edenred Group internal distribution channels.

Name

Edenred Payment Solutions

Legal name

Prepay Technologies Ltd

Website

https://eps.edenred.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

101–250 employees

Short description

Edenred Payment Solutions is a regulated embedded finance and BaaS platform providing e-money accounts, virtual and physical card issuing, and in-house payment processing to fintechs, insurers, retailers, and travel companies across the UK and EU under FCA and NBB authorisations.

Ownership category

akta.pro rank

Product category

Embedded Finance and Banking-as-a-Service

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Sales Financing (52222), Depository Credit Intermediation (5221)

SIC

Miscellaneous Business Credit Institution (6159), Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)

akta.pro secondary industry

Card Issuing & Virtual Cards (lodge cards, single-use, tokenization) (THALAHAB)

Keywords

• Embedded finance platform
• Virtual card issuing
• Banking-as-a-service
• Payment processing solutions
• E-money account services

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales, Supply Chain

Revenue model

1. Transaction Processing Fees: Revenue generated from processing card payments and transactions through the platform. Volume-based fees on payment flows.
2. Card Issuing Services: Fees for issuing virtual and physical cards to enterprise clients. Revenue from licensing card infrastructure to fintechs, insurers, and digital banks.
3. BaaS Platform Licensing: Revenue from providing Banking-as-a-Service infrastructure including licenses, BIN sponsorship, regulatory compliance, and API access.
4. Gift Card Processing: Revenue from processing third-party gift card programs with distribution access, API platform, and technical support.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Edenred Payment Solutions provides an API-first embedded finance and Banking-as-a-Service platform that enables enterprises to issue virtual and physical Mastercard and Visa cards, offer regulated e-money accounts, and process payments through its in-house processing platform. It sells its regulated infrastructure (FCA and NBB e-money licences) to insurers, fintechs, digital banks, retailers, travel companies and BNPL providers who embed these payment experiences into their own customer journeys. The platform supports use cases including insurance claims disbursement, digital banking, gift card programs, B2B corporate payments and Buy Now Pay Later.

Product overview

Edenred Payment Solutions operates as an embedded finance platform offering a modular portfolio of payment and card solutions. The core platform consists of four main product areas: Accounts & Payments (e-money accounts with UK Sort Code/Account Number and EU IBAN), Card Issuing (virtual and physical Mastercard/Visa cards with configurable spending controls), Processing (in-house 24/7 payment processing with real-time authorisation), and Complementary Services (technical and regulatory support). These core products are delivered through five use cases: Embedded Finance (for virtual card integration in user journeys), Digital Banking (full e-money account and card services), Gift Card (omnichannel gift card programs), B2B Payments (corporate card and supplier payment solutions), and Buy Now Pay Later. The platform is also configured for specific industry verticals including Insurance (claims disbursement), Retail (gift cards and loyalty), Fintech (white-label banking), and Travel (supplier payments and multi-currency). The company provides FCA-regulated e-money institution services in the UK and NBB-regulated services in the EU, enabling enterprise clients to launch branded payment products via API-first integration.

Differentiator

Problem solved

Functional benefit

Products and services

• Accounts & Payments E-money account functionality enabling users to send, receive, and hold funds through a broad range of payment schemes. Supports UK Sort Code and Account Number, EU IBAN, and Confirmation of Payee for fraud reduction. Sold to enterprise clients such as fintechs and digital banks needing compliant e-money infrastructure.
• Card Issuing Virtual and physical card issuance services supporting Mastercard and Visa networks. Provides configurable spending limits, usage controls, 3DS-compliant payments, tokenisation for Apple Pay and Google Pay, and supports white-label branded card programs. Sold to enterprise clients embedding card experiences into their own products.
• Processing In-house payment processing platform handling card and payment flows with high-volume processing, clearing and settlement, and 24/7 availability with 99.99% uptime. Includes real-time Delegated Authorisation for custom transaction approval and decline rules. Sold to enterprise clients needing reliable, regulated processing infrastructure.
• Complementary Services Technical, regulatory and product support services from Edenred Payment Solutions experts enabling launch and ongoing enhancement of client payment programs. Provides expert guidance for compliance, integration and product scaling.
• Embedded Finance Solution Use case offering virtual card integration to streamline payment flows within user journeys for insurance claims payouts, early wage and pension access, and Buy Now Pay Later solutions. Targeted at enterprises embedding payment experiences directly into their platforms.
• Digital Banking Solution Use case providing e-money accounts, cards and banking features backed by UK and EU e-money licences. Enables challenger banks and fintechs to offer full digital banking products under their own brand.
• Gift Card Solution Use case offering omnichannel gift card program management with secure in-house processor and access to a wide network of distributors and resellers including the Edenred portfolio. Designed for launch, optimisation and scaling of gift card programs.
• B2B Payments Solution Use case providing virtual card and payment infrastructure for corporate payment needs including travel expenses, supplier payments, and corporate card programs. Sold to enterprises and platforms managing B2B disbursements.
• Buy Now Pay Later Solution Use case supporting BNPL solutions for in-store and online merchants through partnership with ViaBill, enabling shoppers to pay over time across multiple European territories.
• Insurance Industry Solution Industry-specific offering providing virtual card issuance for claims settlement, including instant disbursement, configurable MCC filtering, delegated authorisation, and automated reconciliation via unique VCN per claim. Targeted at UK and European insurers.
• Retail Industry Solution Industry-specific offering for retailers including gift card programs, loyalty-driven financing, branded payment cards, and frictionless checkout experiences. Sold to enterprise retailers seeking omnichannel gift card and branded card programs.
• Fintech Industry Solution Industry-specific offering enabling white-label card programs, digital wallets, branded payment cards, and embedded lending solutions for fintech companies. Targeted at digital banks, challenger banks and fintech startups.
• Travel Industry Solution Industry-specific offering including virtual cards for travel supplier payments, multi-currency solutions, prepaid travel cards, and BNPL for travel bookings. Targeted at travel platforms, OTAs and parking operators.

Quantifiable outcome

• Eliminates 20-40% of finance staff time spent on reconciliation of fragmented payment data through unique VCN per claim
• +4 more outcomes

Named customers12 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature8 records

Partnerships

Two partnerships are on record, tiered core.

• WonderDayscoreStrategic or Co-development Partner · 16 November 2025Edenred Payment Solutions partnered with WonderDays to expand gift card program via distribution access, API platform, and technical support. Collaboration aims to support WonderDays' growth in the UK experience gift market across B2B, B2C, employee benefits, and rewards sectors.
• WonderDayscoreStrategic or Co-development Partner · 10 November 2025Partnership enabling WonderDays to power third-party gift card distribution through EPS's processing infrastructure, expanding market visibility and diversifying distribution channels.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Marqeta: Marqeta is a US-listed card-issuing and payment processing platform serving fintechs, digital banks, and corporates with API-first infrastructure. It is the closest pure-play comparable to EPS's card issuing and processing products, though it operates at greater scale and broader geographic reach.
• Galileo Financial Technologies: Galileo (owned by SoFi) provides payment processing, card issuing, and digital banking infrastructure to fintechs and challenger banks globally. It competes head-to-head with EPS in digital banking and embedded finance for fintech clients, including via API-first integration models.
• Solaris SE: Solaris is a Berlin-based Banking-as-a-Service platform licensed in Germany under BaFin and the ECB, offering e-money accounts, card issuing, lending, and digital banking infrastructure across Europe. It is a direct European BaaS competitor to EPS, particularly for fintech and digital banking use cases.
• Treezor: Treezor is a French e-money institution licensed by the ACPR, providing BaaS infrastructure including card issuing, payment accounts, and SEPA capabilities to fintechs and corporates. It competes directly with PPS EU SA in the French and broader EU market.

Broad incumbents

• Stripe (Issuing): Stripe Issuing is part of Stripe's broader payments platform, enabling businesses to create and manage virtual and physical cards. While broader than EPS in product scope, Stripe Issuing competes directly for fintech and embedded finance workloads that EPS targets.
• Adyen: Adyen is a global payment processing platform offering acquiring, issuing, and unified commerce to large enterprises. While its Issuing product competes with EPS's card issuing offering, Adyen's broader scope and enterprise focus make it a broad incumbent rather than a direct niche competitor.
• Checkout.com: Checkout.com is a global payment processor offering acquiring, issuing, and embedded financial services to large enterprises and platforms. While primarily focused on acquiring rather than issuing, its Issuing and embedded finance products overlap with parts of EPS's offering.

Emerging players

• Banked: Banked provides a real-time payment network and BaaS infrastructure enabling account-to-account payments and card issuance. It is an emerging European player with overlapping capabilities to EPS in payment processing and embedded finance.
• Yonder: Yonder is a UK-based embedded finance platform providing branded cards, accounts, and rewards infrastructure to consumer-facing businesses. It targets a similar fintech/embedded finance customer segment as EPS with overlapping card issuing capabilities.
• Plaid: Plaid provides account-to-account connectivity, open banking, and increasingly embedded financial infrastructure (including through Plaid Issuing partnerships). While more adjacent than directly competitive, it overlaps with EPS's open banking-enabled payment flows and embedded finance ambitions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/prepay-solutions
• Xx.com/edenredpayments

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Edenred Payment Solutions