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Innovation 05 October 2017

Prepay Solutions continues to grow in Europe by entering a partnership with Monese

At the end of July, PrePay Solutions announced a partnership with Monese, Europe’s leading provider of prepaid and digital banking services. In 2015, this payment operator launched its banking services offer with the first ever 100% mobile current account, in a move that disrupted the traditional market.

The Monese offer addresses the 140 million people in Europe who do not have a bank account, or who experience difficulties in opening an account in traditional banks. They can now open a bank account in 2 minutes and gain access to all the services provided by a local bank account, even if the customer does not live in the country.
No need to produce the administrative documents usually required, such as proof or residence or outstanding loans. A scan of an ID card and a video selfie are all that is required as proof of identity.
Ultimately, the offer will be available in 20 European countries and eight languages. 

The teams from PrePay Solutions took part in Monese’s original marketing operation to promote its service offer. PPS, an e-money issuer owned jointly by Edenred (70%) and MasterCard (30%), is helping to strengthen Monese’s offer by providing customers with contactless MasterCard cards and using its technological innovations to develop the banking services solutions.
On September 25, a bus set off from London to visit several European cities, stopping off in Paris on September 26 to meet the French Prime Minister Edouard Philippe. On September 27, the bus visited the European FinTech Awards, an event that brings together the top drivers of innovation from leading banks, investors and the most promising fintech companies. The last stop was at the European Central Bank in Frankfurt.

*The bus was decked out with a pro-Brexit message. “We send the EU £350 million a week. Let’s fund our NHS (National Health Service) instead”.

About

Edenred is a leading digital platform for services and payments and the everyday companion for people at work, connecting more than 60 million users and more than 2 million partner merchants in 45 countries via close to 1 million corporate clients.

Edenred offers specific-purpose payment solutions for food (such as meal benefits), engagement (such as gift cards and engagement platforms), mobility (such as multi-energy solutions, including EV charging, maintenance, toll and parking) and corporate payments (such as virtual cards). 

True to the Group’s purpose, “Enrich connections. For good.”, these solutions enhance users’ well-being and purchasing power. They improve companies’ attractiveness and efficiency,and vitalize the employment market and the local economy. They also foster access to healthier food, more environmentally friendly products and sustainable mobility.

Edenred’s 12,000 employees are committed to making the world of work a connected ecosystem that is safer, more efficient and more responsible every day.

In 2023, thanks to its global technology assets, the Group managed €41 billion in business volume, primarily carried out via mobile applications, online platforms and cards.

Edenred is listed on the Euronext Paris stock exchange and included in the following indices: CAC 40, CAC 40 ESG, CAC Large 60, Euronext 100, Euronext Tech Leaders, FTSE4Good and MSCI Europe.

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Matthieu SANTALUCIA

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By phone: +33 (0)6 83 54 12 10