PPS EU

Business Focus
digital banking and payment services

In July 2019, PrePay Solutions obtained its e-money licence from National Bank of Belgium and opened its European office in Brussels as part of Brexit planning. PPS EU is an electronic money institution focused on digital banking and payment services. PPS EU offers virtual Euro IBAN accounts, virtual UK accounts, prepaid debit cards, travel money cards, gift cards, corporate cards to individuals, businesses. PPS EU delivers its products and services to EU customers via its registered agent Monese Ltd (company number 8720992, FCA reference number 900188). Products and services listed below are offered by Monese Ltd.

Products
  • virtual Euro IBAN accounts
  • virtual UK accounts
  • prepaid debit cards
  • travel money cards
  • gift cards
  • corporate cards
Clients
  • individuals
  • businesses
Card Providers
  • MasterCard

Monese Current Account

Payment Cards
physical
virtual
Personal IBAN
available
UK Account Number
available
Customer Groups
EEA residents
Pricing Plans
Starter
Plus
Premium
Payment Cards
Monese Debit Card (MasterCard) can be ordered together with Monese Current Account. Virtual cards are not available.
Personal IBAN vs EMI Banking Details
While PPS EU uses an account holder's personal IBAN for some operations, PPS EU's own banking details are used for the others.
Pricing Plans
Monese Current Account is offered with several pricing plans for different customer groups, namely Starter, Plus, Premium.
  • Starter
  • offered to: EEA residents
  • Initial Fee 0.00 EUR
  • Monthly Fee 0.00 EUR
  • Closing Fee 0.00 EUR
  • SEPA Outgoing 0.00 EUR
  • SEPA Incoming 0.00 EUR
  • SWIFT Outgoing 0.00 EUR
  • SWIFT Incoming 0.00 EUR
  • Plus
  • offered to: EEA residents
  • Initial Fee 0.00 EUR
  • Monthly Fee 4.95 EUR
  • Closing Fee 0.00 EUR
  • SEPA Outgoing 0.00 EUR
  • SEPA Incoming 0.00 EUR
  • SWIFT Outgoing 0.00 EUR
  • SWIFT Incoming 0.00 EUR
  • Premium
  • offered to: EEA residents
  • Initial Fee 0.00 EUR
  • Monthly Fee 14.95 EUR
  • Closing Fee 0.00 EUR
  • SEPA Outgoing 0.00 EUR
  • SEPA Incoming 0.00 EUR
  • SWIFT Outgoing 0.00 EUR
  • SWIFT Incoming 0.00 EUR

Alternatives to PPS EU Monese Current Account

See Also

Monese Debit Cards

Card Type
debit
physical
contactless
Currency
single currency
EUR, GBP
Card Provider
MasterCard
Card Type
PPS EU cards are debit cards, rather than prepaid cards.

Debit vs Prepaid Cards. Debit cards do not have a separate balance and are connected to an account or e-wallet. Such cards are are loaded automatically when the account/e-wallet is being topped up. Prepaid cards have a separate balance from an account or e-wallet. These cards have to be loaded manually, usually from the account/e-wallet.

PPS EU cards are issued only as physical (plastic) cards and are delivered to the customer's address.
Currency
Monese Debit Card is a single currency card, it can be issued in EUR, GBP only.
Card Fees and Limits
SimpleClassicPremium
Card Delivery Fee4.95 GBPfreefree
ATM Withdrawal Feeup tp 200 GBP monthly: free
above that: 2.00%
up to 800 GBP monthly: free
above that: 2.00%
free
Foreign Currency Spending Feeup tp 2,000 GBP monthly: free
above that: 2.00%
up to 8,000 GBP monthly: free
above that: 2.00%
free

*) EEA stands for the European Economic Area and consists of Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom.

Alternatives to PPS EU Personal Payment Cards

See Also

Money Transfers

PPS EU offers money transfers between more than 30 countries in more than 15 currencies. Money can be sent from Monese accounts and received to bank accounts. Transfers made with PPS EU are usually completed within 0-4 days.

Speed
0-4 days
Countries
30+ countries
Currencies
15+ currencies
Sending From
  • Monese accounts
Receiving To
  • bank accounts

Alternatives to PPS EU Transfers

See Also

Operations with Cryptocurrencies

No

PPS EU do not conduct operations with cryptocurrencies.

See Also

Company Details

Country of Registration
Belgium
Company Number
0712775202
BIC
PESOBEB1XXX
Authorized By
National Bank of Belgium
Authorization Granted
23 July 2019
Authorized Activities
  • issuance of electronic money
  • refund of electronic money
  • placing cash to a payment account
  • withdrawing cash from a payment account
  • execution of payment transactions on a payment account (not covered by a credit line)
  • issuing payment instruments or acquiring payment transactions

PPS EU is authorized by the National Bank of Belgium for issuance of electronic money, refund of electronic money, placing cash to a payment account, withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), issuing payment instruments or acquiring payment transactions. The authorization was granted on 23 July 2019.

EEA Passport
Yes
Deposit Guarantee
No

Due to EEA passport rules PPS EU, can conduct its activities in any of the 31 EEA member states. PPS EU do not participate in deposit guarantee schemes.

Membership
SWIFT
SEPA

PPS EU is a SWIFT member and a SEPA scheme participant.

MasterCard

PPS EU is connected to MasterCard payment card scheme.

See Also

Contacts

Vorstlaan 165 bus 9/boulevard du Souverain 165 bus 9, 1160, Brussel/Bruxelles, Belgium
Website Languages
English

Similar EMIs

Paysera LT UAB (Lithuania)
providing payment services at reasonable prices
Phoenix Payments UAB (Lithuania)
alternative banking and payment solutions
Ppro Financial Ltd (United Kingdom)
payment platform for e-money and payments
Prepaid Financial Services Ltd (United Kingdom)
providing payment cards solutions
Prepay Technologies ltd (United Kingdom)
digital banking and payment services
UAB "Rebellion Fintech Services" (Lithuania)
providing IBAN accounts and payment cards

See Also