2/27/2023 0 Comments Pocket cash ledger![]() ![]() What we’re now seeing is a trend where it’s a mix. I’d say four or five years ago, it was very much banking-as-a-service where you’d be offering your licenced activities to non-licenced entities with a whole suite of things from accounts to card processing. So we have discussions, for example, where a client will say ‘actually I have my own EMI licence, but I need the issuing capability’ or ‘I have the issuing capability, what I need is the ability to give an account’. What I see in the industry at the moment is the opportunities really starting to come through in the B2B space where entities with their own licences are looking for their own functionalities. I think a chunk of those entities are producing their own licences, so the amount of work that you do with them is still there, but it tends to change. With the rise of neobanks over the years, that’s obviously fueled very much by the e-money licences that they use, and they tend to use people with ourselves or other companies or they get their own. I think it’s changing from what we’ve seen happening in the market, not specifically in regards to PPS but generally. Do you find within recent years that certain aspects of your service have become more popular than other parts? We’ve been doing banking as a service and payments with our clients for over five years. They can take the full suite, or they can just individually pick the modular components they wish to use. We do everything on-site and in-house, meaning our clients can pick and choose specific services. We’re also a Mastercard principal member so we can issue cards across the region using our own processor. We have a full electronic money institution (EMI) licence, one in the UK under the Financial Conduct Authority (FCA), and with the National Bank of Belgium for EA, enabling us to be able to issue IBANs and accounts across Europe, including the UK. But then over the years, we’ve added additional products and features to it. PPS started off by offering closed-loop gift cards, and we built our own processor to handle that tying into the retail systems to carry the transaction beyond the rails of Mastercard or Visa. PPS has been going for about 22 years so we’re majority owned by Edenred and Mastercard is a joint venture. So why don’t you tell us a bit about what PPS does and who you aim to serve? Yarker is the company’s product marketing director, and here he sat down with The Fintech Times to provide a fascinating insight into the rapidly evolving payments landscape, explaining how innovative new technologies are quickly changing how payments will be made forever. The services of the European payments provider PPS engage with start-ups and established businesses that require a scalable partner to manage their processing, issuing and account-based needs. Kit Yarker, product marketing director, PPS These are all central points raised in our highly-anticipated interview with Kit Yarker. ![]() Banking-as-a-service, digital wallets, the rise of digital ledger technology and the fall of cash. ![]()
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