“Can a 20-year-old prepaid processor, backstopped by Edenred's balance sheet and dual UK/EU EMI licences, become the go-to BaaS rail for fintechs and enterprises embedding cards and accounts in Europe?”
PrePay Technologies Ltd (originally PrePay Solutions / PPS) is one of the UK's longest-standing prepaid card and e-money infrastructure providers, operating an FCA e-money licence since the early 2000s. After being brought into the Edenred group, it was rebranded to Edenred Payment Solutions and repositioned from a pure prepaid processor into a full embedded finance / BaaS platform offering e-money accounts, card issuing, card processing, and BIN sponsorship across the UK (FCA) and EU (NBB via PPS EU SA). It is a category-defining BaaS provider whose customers include Countingup, thinkmoney, Sprive, Qileo, Hnry, Ayruu, PayByPhone, ViaBill and WonderDays.
Edenred Payment Solutions discloses PrePay Technologies Limited (in-house), PPS EU SA (in-house) and edenred payment solutions as its banking providers, according to the Embedded Finance Index 2026.
Edenred Payment Solutions does not disclose a bank charter of its own; its banking services are provided through PrePay Technologies Limited (in-house), PPS EU SA (in-house) and edenred payment solutions.
Edenred Payment Solutions processes payments through Edenred Payment Solutions (in-house) and checkout. Disclosed money-movement rails: SEPA and Faster Payments.
Edenred Payment Solutions's cards are issued through PrePay Technologies Limited (in-house) and PPS EU SA (in-house) on the Mastercard and Visa networks.
Edenred Payment Solutions's lending and capital products are provided by Edenred Payment Solutions (in-house).
The Embedded Finance Index 2026 maps 6 layers in Edenred Payment Solutions's stack: Payments / PSP (Edenred Payment Solutions (in-house) and checkout); Money movement (SEPA and Faster Payments); Banking / BaaS (PrePay Technologies Limited (in-house), PPS EU SA (in-house) and edenred payment solutions); Card issuing (PrePay Technologies Limited (in-house) and PPS EU SA (in-house)); Card network (Mastercard and Visa); Lending (Edenred Payment Solutions (in-house), BNPL card issuance (physical and virtual, Mastercard), Single-use Virtual Card Numbers (VCNs) for merchant settlement at checkout, Deferred payment cards and 1 other).
Edenred Payment Solutions is founded in 2000 and headquartered in Swindon, UK (with PPS EU SA in Brussels, Belgium).
Get a read on where your own stack stands against Edenred Payment Solutions and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.