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Prepaid Financial Services (PFS) pick up Prepaid Service Provider of the Year at Prepaid Summit Europe 2016 Awards

Prepaid Financial Services Limited (PFS), an established e-money issuer and alternative banking provider has taken the award for Prepaid Service Provider of the Year in the Prepaid Summit Awards Europe 2016.

The Prepaid Summit Awards acknowledge the most innovative and forward-thinking companies in the prepaid sector. PFS was a finalist in three categories in this year’s Awards: Financial Inclusion Programme of the Year, Best Corporate/Payroll Prepaid Card & Government Digital Prepaid Initiative of the Year, Prepaid Service Provider of the Year; demonstrating the pedigree of the FinTech solutions it provides.

Noel Moran, CEO, Prepaid Financial Services said: “We are delighted to bring home Prepaid Service Provider of the Year and to be recognised in such prestigious awards. The team have worked incredibly hard over the last 12 months to develop innovative products for our clients and winning this award is a testament to their dedication and hard work.

“PFS has had a great 2016, with record growth driven by the launch of several new products including a multicurrency product capable of holding 15 different currencies, and the launch of an API banking proposition that facilitates SEPA Credit and Debit Transfers which has allowed us to extend our banking solution across the Eurozone.

“With 50 new positions being filled across all three of our locations in the next couple of months, we’re looking forward to kicking off what we hope to be another very busy, but prosperous, year.”

Prepaid Financial Services (PFS) is an award winning payments technology specialist offering a comprehensive range of e-money and banking solutions including e-wallets, physical and virtual prepaid cards and current accounts in the UK and the Eurozone. Authorised and regulated by the FCA in the UK, PFS has passported its e-money license across the SEPA region to enable card issuance throughout the region.

Founded in 2008, PFS is now one of the fastest growing issuers in Europe, with programmes live and active in 23 countries with the ability to transact in 20 different currencies. Its products and cutting-edge technology platforms are utilised by governments, local authorities, mobile networking operators, banks and corporates globally.

PFS has been listed within the top fastest growing technology companies in the UK by the Sunday Times Tech Track 100 for four consecutive years and most recently ranked number 108 in Deloitte’s EMEA Technology Fast 500.

In the last 12 months, PFS has seen explosive of 60% growth from 2015 and a projected EBIT for 2016 of £6.5 million.