PPS
PPS, trading as Edenred Payment Solutions, is a UK-headquartered API-first embedded finance and Banking-as-a-Service platform enabling fintechs, digital banks, insurers, retailers, travel firms, and SaaS providers to embed payments, card issuance, and e-money account services under FCA and EU regulation.
- Company typePrivate
- Founded2000
- HeadquartersSwindon, United Kingdom
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
What PPS does
PPS, commercially operating as Edenred Payment Solutions, is a UK-based API-first embedded finance and Banking-as-a-Service platform that enables non-financial businesses to integrate payments, e-money accounts, card issuance, and processing into their own products. The company serves fintechs and digital banks, insurers, retailers, travel companies, and SaaS providers across the UK and EU/EEA. PPS is a wholly-owned subsidiary of Edenred, the French-listed employee benefits and payments group, and operates from a headquarters in Swindon, UK, with a parallel regulated entity, PPS EU SA, in Brussels. Documented customers include Monese, Countingup, Sprive, Hnry, thinkmoney, ViaBill, PayByPhone, WonderDays, Ayruu, Qileo, and Sainsbury's, alongside group-channel brands such as TUI, New Look, and Sonae.
The core platform combines an in-house transaction processing engine with 24/7 availability and a documented 99.99% uptime record, a Delegated Authorisation layer that allows partner teams to intervene on transactions before settlement, and a lean funding model that allocates funds at settlement rather than through prefunded balances. PPS is an E-money Institution regulated by both the UK Financial Conduct Authority (registration number 900010) and the National Bank of Belgium, and is a Principal Member of Mastercard alongside being a licensed Visa issuer, enabling direct issuance of branded debit, prepaid, credit, and virtual cards. The platform issues unique Virtual Card Numbers (VCNs) per transaction or claim with configurable Merchant Category Code (MCC) filtering, spending limits, validity windows, and digital wallet tokenisation for Apple Pay and Google Pay. Compliance infrastructure covers PCI DSS, 3D Secure, Strong Customer Authentication, and transaction monitoring through integrated KYC and PEP/sanctions providers such as LSEG World Check and TransUnion.
Revenue is generated from a mix of per-transaction processing and interchange-related fees, card programme and issuing fees, and platform subscription or BIN-sponsorship charges under quote-based enterprise contracts (no public pricing). Go-to-market is direct enterprise sales with dedicated vertical pages in Insurance (claims disbursement), Retail (gift card and voucher programmes), Fintech/Digital Banking (current accounts and e-money), Travel (B2B supplier payments and expense), and the newer SaaS Embedded Finance category. The company processes over €35bn in transaction value annually and reports 500+ in-house payment experts; pricing is custom and contractually negotiated per partner scope and volume.
PPS firmographics
Firmographics- Name
- PPS
- Legal name
- PrePay Technologies Ltd.
- Website
- https://eps.edenred.com
- Company type
- Private
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- PPS, trading as Edenred Payment Solutions, is a UK-headquartered API-first embedded finance and Banking-as-a-Service platform enabling fintechs, digital banks, insurers, retailers, travel firms, and SaaS providers to embed payments, card issuance, and e-money account services under FCA and EU regulation.
- Ownership category
- akta.pro rank
PPS industry classification
Industry- Product category
- Embedded Finance / Payment Infrastructure
- NAICS
- Credit Card Issuing (522210), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- A2A Payment Initiation Service Providers (PISPs) (FSAMAFAB)
Keywords
Where PPS is headquartered
LocationHeadquarters
- HQ city
- Swindon
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
PPS business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Others
Revenue model
- BaaS/Embedded Finance Platform Fees: Provides banking-as-a-service infrastructure enabling non-financial businesses to embed payment and card issuing capabilities. Revenue derived from licensing, processing fees, and platform access charges to enterprise partners.
- Card Issuing Services: Virtual and physical card issuance services including prepaid, debit, and credit card programs for fintechs, retailers, and corporate clients.
- Payment Processing: Transaction processing, clearing and settlement services for card and payment flows with 24/7 availability.
- Gift Card Programs: Closed-loop gift voucher and card processing for retail partners, including brand customisation and network access.
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
PPS product offering
Product offeringCore offering
PPS (Edenred Payment Solutions) is an API-first embedded finance and Banking-as-a-Service platform that enables businesses to integrate payment processing, virtual and physical card issuing, and e-money account capabilities via APIs. The platform operates an in-house processing engine with 24/7 availability and is dual-regulated as an e-money institution by the UK Financial Conduct Authority and the National Bank of Belgium, supporting partners across insurance, retail, fintech, travel, and SaaS verticals.
Product overview
Edenred Payment Solutions operates as an embedded finance and Banking-as-a-Service platform providing a modular suite of payment and card solutions. The core offerings include Accounts & Payments (e-money accounts with UK/EU coverage), Card Issuing (virtual and physical cards), Processing (in-house payment processing with 24/7 availability), and Complementary Services (anti-fraud, compliance support). These are accessed via an API-first infrastructure and portal dashboard, enabling partners to embed financial services. The platform integrates with Mastercard and Visa card schemes, supports Apple Pay and Google Pay digital wallets, and is used by digital banks, fintechs, insurers, travel companies, and retailers.
Differentiator
Problem solved
Functional benefit
Products and services
- Accounts & Payments E-money account solutions enabling users to send, receive, and hold funds with compliance across UK and EU jurisdictions. Provides UK Sort Code and Account Numbers, EU IBAN, and access to payment schemes for B2B partners serving end users.
- Card Issuing Virtual and physical card issuance services supporting prepaid, debit, and credit cards with configurable spending limits, spending controls, and 3DS-compliant payments. Includes tokenisation for digital wallet integrations. Issued under Mastercard and Visa schemes via Mastercard Principal Membership.
- Processing In-house payment processing platform handling card and payment flows with high-volume processing, clearing and settlement, and 24/7 availability. Features real-time delegated authorisation and lean funding model.
- Complementary Services Technical, regulatory, and product support services including anti-fraud services, compliance management, licensing support, and BIN sponsorship to help launch and manage payment programs.
- Embedded Finance Solutions Banking-as-a-Service platform enabling non-financial businesses to embed payment, card issuing, and e-money account services directly into their digital ecosystems via API integration.
- Gift Card Program Omnichannel gift card programs powered by in-house processor with access to wide network of distributors and resellers including Edenred portfolio. Supports closed-loop gift vouchers and branded gift cards for retail partners.
- Insurance Solutions Virtual card-based claims disbursement solutions for insurance companies including instant virtual card issuance at point of claim approval, configurable MCC filtering, and automated reconciliation through unique VCNs per claim.
Quantifiable outcome
- 99.99% platform uptime
- +2 more outcomes
Companies that use PPS
Customer profileNamed customers11 records
Segments5 records
Ideal customer profiles5 records
PPS technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
AI capability3 records
Feature7 records
PPS partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- MastercardcorePrincipal member of Mastercard enabling direct card issuance under Mastercard scheme. Partners receive branded Mastercard and Visa virtual and physical cards with full network acceptance and digital wallet integration capabilities.
Scale indicators9 records
Recent moves5 records
Expansion highlights5 records
PPS competitors and assessment
Company assessmentDirect peers
- Paymentology: Cloud-native card issuing and processing platform targeting fintechs, banks and corporates across emerging markets. Closely comparable in the card issuing and processing layer of the stack, with overlapping target customer segments.
- Banking Circle: European payments and banking-as-a-service provider offering accounts, card issuing and payment processing to fintechs and corporates. Comparable regulatory profile (EU licensed) and target customer segments in fintech and B2B payments.
- Marqeta: Publicly listed card-issuing and BaaS platform enabling fintechs and enterprises to issue physical and virtual cards via API. Closest direct competitor to PPS's card issuing and processing business, with overlapping verticals in fintech and embedded finance.
- Solaris SE: Berlin-based Banking-as-a-Service platform with EU EMI and full banking licence, offering account, card, lending and payments infrastructure via API. Directly comparable European BaaS competitor with similar regulatory profile and target verticals.
- Modulr: UK FCA-regulated payments and BaaS platform offering accounts, card issuing and payment processing APIs. Direct competitor in the UK/EEA embedded finance market with comparable regulatory positioning and fintech customer base.
- Galileo Financial Technologies (SoFi): Payments processing and card-issuing platform owned by SoFi, powering neobanks and fintech programs globally. Direct competitor in the BaaS processing and card-issuing layer, with stronger US presence.
- Treezor (Swan): European BaaS provider (formerly Treezor, now Swan) offering regulated accounts, card issuing and payments APIs. Direct competitor in the French/EU embedded finance market with comparable licensing footprint and fintech customer base.
Broad incumbents
- Stripe Issuing: Stripe's card-issuing and embedded finance product line sits inside Stripe's broader payments and financial infrastructure platform. Competes with PPS for fintech and SaaS-platform card-issuing mandates, with the advantage of Stripe's global developer ecosystem.
- Adyen: Global payments platform offering unified processing, acquiring and increasingly card-issuing capabilities. Overlaps with PPS's processing, acquiring and embedded finance value proposition, particularly for large enterprise merchants and platforms.
- Checkout.com: Global payments processor providing acquiring, issuing and embedded finance infrastructure for enterprise merchants and platforms. Overlaps with PPS in processing, card issuing and embedded finance, with broader geographic reach.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
PPS social profiles
Digital presencePPS compliance and trust
Trust signalCompliance5 records
PPS financial estimates
Financial estimateRevenue estimate
Valuation estimate
PPS leadership team
Management profileNumber of profiles
Profiles5 records
PPS subsidiaries and ownership
Company hierarchySubsidiaries3 records
PPS funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PPS M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PPS
What does PPS do?
PPS (Edenred Payment Solutions) is an API-first embedded finance and Banking-as-a-Service platform that enables businesses to integrate payment processing, virtual and physical card issuing, and e-money account capabilities via APIs. The platform operates an in-house processing engine with 24/7 availability and is dual-regulated as an e-money institution by the UK Financial Conduct Authority and the National Bank of Belgium, supporting partners across insurance, retail, fintech, travel, and SaaS verticals.
Is PPS a public or private company?
PPS is a private company. It is classified as corporate owned and is currently operating.
When was PPS founded?
PPS was founded in 2000. It employs 251 to 500 people.
Where is PPS based?
PPS is headquartered in Swindon, United Kingdom, in the Europe region.
How does PPS make money?
Four revenue lines are on record. BaaS/Embedded Finance Platform Fees are the primary driver. The others are card Issuing Services, payment Processing and gift Card Programs.
Who are PPS's main competitors?
Direct peers on record are Paymentology, Banking Circle, Marqeta, Solaris SE, Modulr, Galileo Financial Technologies (SoFi) and Treezor (Swan). Broad incumbents are Stripe Issuing, Adyen and Checkout.com.
Does PPS have an API?
Yes. PPS operates an API-first infrastructure that enables fintech companies, SaaS platforms, and businesses to integrate payment and card issuing capabilities. The API allows partners to embed financial services including e-money accounts, virtual card issuance, payment processing, and gift card programs. Card issuance can be triggered automatically when a claim reaches a defined status via API integration. Supports tokenisation for digital wallet integrations.
What industry is PPS in?
PPS's product category is Embedded Finance / Payment Infrastructure. Its primary akta.pro industry code is FSAMAFAB, A2A Payment Initiation Service Providers (PISPs). Its NAICS code is 522210 and its SIC code is 6199.