Prepaid Solutions

What Prepaid Solutions does

Prepaid Solutions operates as Edenred Payment Solutions, a trading name of PrePay Technologies Ltd, and is a wholly-owned subsidiary of the Edenred group (publicly listed on Euronext Paris). Founded in 2000 and headquartered in Swindon, UK, with additional offices in Brussels and Issy-les-Moulineaux, the company provides a modular, API-first embedded finance platform that enables businesses to launch payment and card products without obtaining their own e-money licenses. The platform consists of four core products: Accounts & Payments (e-money accounts with UK Sort Code/Account Number and EU IBAN support), Card Issuing (virtual and physical Mastercard/Visa cards with configurable spend controls and tokenization for Apple Pay/Google Pay), Processing (in-house processing platform with 24/7 availability, real-time delegated authorization, and 99.99% uptime), and Complementary Services (regulatory compliance, onboarding, and ongoing support).

The company holds dual e-money institution licenses — FCA authorization in the UK (Reference 900010) and National Bank of Belgium authorization for PPS EU SA — and is a Mastercard Principal Member, enabling direct card scheme participation. The platform processed over €35 billion in transaction value in 2022 and is supported by 500+ in-house payment experts. Edenred Payment Solutions serves enterprise and mid-market clients across fintech/digital banking (Monese, Countingup, Sprive, thinkmoney, Qileo, Hnry), insurance (claims disbursement via virtual cards), retail/gift cards (Sainsbury's, New Look, Sonae), travel and transportation (TUI, WonderDays, Ticketmaster, Metro, Vinci, PayByPhone), and B2B payments/BNPL (ViaBill, Ayruu). Distribution is exclusively through direct enterprise B2B sales with custom multi-year contracts; pricing is not publicly disclosed and prospects are directed to a 'Speak to an Expert' sales process.

Name

Prepaid 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 (trading as PrePay Technologies Ltd) provides an API-first embedded finance platform offering e-money accounts, card issuing, and payment processing under FCA and NBB licenses. It serves fintechs, insurers, retailers, travel companies, and B2B platforms across the UK and EU.

Ownership category

akta.pro rank

Product category

Embedded Finance / Payment Infrastructure (Banking-as-a-Service)

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199)

akta.pro primary industry

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

akta.pro secondary industries

Card Issuing & Program Management Platforms (BPAMAFAH), Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)

Keywords

• Embedded finance platform
• Banking-as-a-service
• Virtual card issuing
• Payment processing infrastructure
• 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, Operations, Infrastructure, Marketing or Sales

Revenue model

1. BaaS / Embedded Finance Platform Fees: Provides B2B infrastructure-as-a-service, licensing e-money accounts, card issuing, and payment processing to enterprise clients (fintechs, insurers, retailers, travel companies). Revenue derived from licensing, API access fees, and platform service contracts.
2. Card Issuing and Processing Fees: Transaction processing, card issuance (virtual and physical), and scheme-related fees from operating card programs for clients across insurance, digital banking, gift cards, B2B payments, and BNPL use cases.
3. B2B SaaS / Compliance Services: Regulatory compliance infrastructure, BIN sponsorship, safeguarding, and anti-fraud screening services as part of the bundled BaaS offering, supporting fintech and enterprise clients.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels7 records

Core offering

Prepaid Solutions, trading as Edenred Payment Solutions, provides a modular, API-first embedded finance platform that enables businesses to launch and operate branded payment and card products without obtaining their own payment licenses. The platform delivers e-money accounts, virtual and physical card issuing, in-house payment processing, and complementary compliance and onboarding services, serving fintechs, insurers, retailers, travel companies, and SaaS platforms across the UK and EU.

Product overview

Edenred Payment Solutions (trading name of PrePay Technologies Ltd) provides a modular embedded finance platform consisting of core products (Accounts & Payments, Card Issuing, Processing, and Complementary Services) that work together to enable businesses to offer payment and card solutions. The platform operates under e-money licenses in UK and EU, supporting virtual and physical card issuance, multi-currency accounts, and payment processing. Use cases include Embedded Finance, Digital Banking, Gift Cards, B2B Payments, and Buy Now Pay Later. The company serves industries including Insurance, Retail, Fintech, and Travel.

Differentiator

Problem solved

Functional benefit

Products and services

• Accounts & Payments E-money accounts enabling users to send, receive, and hold funds compliantly, with support for UK Sort Code/Account Number and EU IBAN payment schemes for multi-currency transactions. Designed for fintechs, digital banks, and enterprises requiring compliant e-money account infrastructure.
• Card Issuing Virtual and physical card issuance services supporting Mastercard and Visa schemes, with configurable spending limits, spending controls, 3DS-compliant payments, and tokenisation for Apple Pay and Google Pay digital wallet integrations. For fintechs, insurers, retailers, and enterprises launching branded card programs.
• Processing In-house payment processing platform handling high-volume card and payment flows with 24/7 availability, real-time delegated authorisation, clearing and settlement capabilities, and advanced fraud prevention. Designed for enterprises requiring scalable, reliable payment processing infrastructure.
• Complementary Services Expert technical, regulatory, and product support services including compliance management, onboarding assistance, and ongoing customer experience enhancement bundled with the core embedded finance platform offering.

Quantifiable outcome

• €35bn+ transaction value processed in 2022
• +3 more outcomes

Named customers11 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability3 records

Feature9 records

Partnerships

Six partnerships are on record, tiered core.

• MastercardcoreTechnology or IntegrationEdenred Payment Solutions holds Mastercard Principal Membership, enabling direct issuance of Mastercard-branded virtual and physical cards and participation in the Mastercard payment network globally.
• VisacoreTechnology or IntegrationEdenred Payment Solutions issues Visa virtual and physical cards as part of its card issuing capabilities, expanding its card scheme reach alongside Mastercard.
• Apple PaycoreTechnology or IntegrationEdenred Payment Solutions supports Apple Pay integration for virtual and physical cards, enabling policyholders and customers to add cards to Apple Wallet for contactless in-store and online payments.
• Google PaycoreTechnology or IntegrationEdenred Payment Solutions supports Google Pay integration, enabling card provisioning to Android mobile wallets for contactless payments.
• Mastercard Digital Enablement Service (MDES)coreTechnology or IntegrationMDES enrolls cards within digital wallets, securing transaction data through tokenisation for in-person, in-app, and online payments, bolstering digital payment security.
• LSEG World CheckcoreTechnology or IntegrationThird-party screening service provider used by PrePay Technologies Ltd to conduct sanctions and PEP screening and adverse media checks for AML/KYC compliance.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Galileo Financial Technologies: Galileo (a SoFi company) provides card issuing, processing and digital banking infrastructure via APIs. EPS competes with Galileo on processing platform capabilities, BIN sponsorship and embedded finance for digital banks and fintechs across multiple geographies.
• Marqeta: Marqeta is a global card-issuing and processing platform providing API-first infrastructure for fintechs and enterprises. EPS competes with Marqeta on virtual/physical card issuing, processing and embedded finance use cases, particularly for European fintech and BNPL clients.
• Treezor: Treezor is a France-based e-money institution regulated by the ACPR, offering BaaS, card issuing and payment accounts via API. EPS competes with Treezor directly in EU embedded finance, card issuing and regulated payment accounts.
• Solaris SE: Solaris is a Berlin-based Banking-as-a-Service platform with EU banking licence, offering accounts, cards, payments and lending infrastructure. EPS competes with Solaris on embedded banking, card issuing and regulated infrastructure across the EU/EEA.
• Stripe Issuing: Stripe Issuing is a developer-first card-issuing API enabling platforms to create and manage virtual and physical cards. EPS competes with Stripe Issuing on developer-led and SaaS-embedded card issuance, though EPS differentiates through UK/EU e-money licensing and enterprise-led sales.
• ClearBank: ClearBank is a UK-based clearing bank offering real-time payment accounts, BaaS and embedded banking rails. EPS competes with ClearBank on UK regulated banking infrastructure, account services and embedded finance for fintechs and corporates.

Broad incumbents

• Adyen: Adyen is a global payments platform offering unified acquiring, processing and card issuing. While broader in scope (acquiring and global merchants), Adyen's Issuing product overlaps with EPS in providing card programmes and processing infrastructure for large enterprises.

Emerging players

• Weavr: Weavr is an embedded finance provider enabling SaaS platforms to integrate payments, cards and accounts via APIs. EPS competes with Weavr in the SaaS-embedded finance vertical, particularly for vertical SaaS and B2B payment flows.
• Banked: Banked is a UK/EU payment network and account-to-account payment platform enabling merchants and platforms to accept and disburse payments via open banking. EPS competes with Banked on the payment-initiation and account-to-account side of embedded finance, particularly for digital banking clients.

Regional players

• Payoneer: Payoneer provides cross-border payments, virtual accounts and multi-currency services to SMBs and marketplaces. EPS overlaps with Payoneer on multi-currency accounts and B2B virtual payment capabilities, though Payoneer's primary market focus is cross-border SMB rather than BaaS licensing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/prepay-solutions

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Prepaid Solutions