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Payments General

Prepaid Financial Services receives Irish license

Wednesday 10 April 2019 | 10:54 AM CET

Prepaid Financial Services (PFS) has secured an electronic money license from the Central Bank of Ireland, as it gets ready for a Brexit contingency plan.

PFS is one of Ireland’s issuers of payment cards, and it has now been licensed by both UK’s and Ireland’s regulators.

PFS will continue to operate as usual throughout the European Economic Area after Brexit.

Just a month ago in March, PFS acquired the physical prepaid card portfolio of Barclaycard in the UK and migrated it onto its own platform.

More: Link
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