PFS Celebrates £1 Billion Year-to-Date E-Money Loading Milestone

LONDON, November 20, 2017 /PRNewswire/ --

Prepaid Financial Services Limited (PFS), one of Europe's biggest electronic money issuers, has achieved a landmark in its history by loading just over £1 billion pounds onto e-money accounts. In comparison, £812.5 million was loaded in 2016. Management and staff at the company's locations in the UK, Ireland, and Malta joined in the celebrations: https://prepaidfinancialservices.com/en/news-media-eng/766-pfs-management-staff-in-the-uk-ireland-malta-collectively-celebrating-this-week

The good news, shared internally last week, follows 8 years of dedicated work in the innovative FinTech environment in the European Economic Area. Before midnight on Friday, November 10th, PFS processed a load to an e-money account which meant the company hit the magic £1,000,000,000 figure for loading in the year-to-date. This number does not take into account third-party payments (which are not loaded onto e-money accounts). Importantly, the overall processing figure for the year will be revealed in early 2018. The positive news continued as it has also been revealed that over 4 million e-money accounts have now been issued over the lifetime of the company.

Noel Moran, CEO, PFS, stated, "This is a major milestone and one that everyone has worked very hard to achieve. In terms of the exact figures, these are massive numbers for us as a company. I would like to extend my sincere thanks to our clients, e-money account users, and team for the hard work that has been put into getting us to this point in time. Our next goal is to reach £2 billion in loading and it will not take us 8 years to achieve this milestone."

The Founder, who now employs 194 people in the UK, Ireland, and Malta, is set to unveil the winners of this year's €1,000,000 Innovation Fund in January 2018. The closing date for entries from entrepreneurs, small to medium enterprises, and schools is Thursday, November 30th, 2017. To date, entries have been received from Europe and Asia. For further details see: https://prepaidfinancialservices.com/en/enter-innovation-awards

About Prepaid Financial Services:

Prepaid Financial Services Limited (PFS) provides multi-award-winning payment technology solutions by offering comprehensive innovations in e-money. As a pioneer in the evolution of FinTech, our world-class solutions include e-wallets, physical and virtual prepaid cards and accounts, as well as current accounts in the U.K. and the Eurozone. PFS is Authorised and Regulated by the FCA in the U.K. as an electronic money institution and has passported its e-money license to enable e-money issuance in the EEA.

Now, PFS has rapidly expanded into one of the fastest growing e-money issuers in Europe. With programmes active in a total of 24 countries and growing, PFS has the ability to transact in 22 different currencies. PFS' products and state-of-the-art technology platforms are trusted by governments, local authorities, Non-Governmental Organisations, mobile networking operators, banks, and corporates globally.

Some of our Awards:

The Sunday Times Hiscox TECH TRACK 100 - 5 years in a row.

Deloitte TECHNOLOGY FAST 50 U.K. Winner - 2 years in a row.

Deloitte TECHNOLOGY FAST 500 EMEA Winner - 2 years in a row.

The Queen's Award for Enterprise: International Trade 2017.

To view an infographic of PFS' milestones see: https://prepaidfinancialservices.com/en/milestones-timeline

With a Mission to be a global market leader in delivering innovative and customised payment technology solutions and a Vision of efficient e-money solutions made easy, PFS' Core Values encompass Integrity, Innovation, Customisation, Teamwork, and Community. Explore the future of prepaid financial solutions today by visiting our website: https://prepaidfinancialservices.com

Discover more about PFS' next-generation payment solutions by contacting: [email protected]

Join the conversation via our Prepaid Financial Services Social Media communities: https://twitter.com/prepaidfs

https://www.linkedin.com/company/2645957

Media contact information:
Marie O'Riordan, Senior Marketing Manager, Prepaid Financial Services Limited (PFS).
Email: [email protected]
Tel: +44-207-183-5856 / +353-46-907-9073.

Susan Callan, Marketing Manager, Prepaid Financial Services Limited (PFS).
Email: [email protected]
Tel: +44-207-405-8405 / +353-46-907-9173.

SOURCE Prepaid Financial Services (PFS)