PrePay Solutions strikes alliance with B2B bank Amaiz

PrePay Solutions (PPS) has announced a new partnership with mobile-only B2B banking company, Amaiz.

PPS, a subsidiary of Edenred, noted that the partnership acts as clear representation of the firms “continued commitment” in supporting emerging fintech companies.

Steve Taklalsingh managing director and CFO, Amaiz, explained: “At Amaiz, we strongly believe in the need for more tailored business banking. Our intelligently developed B2B platform has an important role to play in providing innovative support for entrepreneurs.

“Working with the PrePay Solutions team has been incredibly collaborative, and together we have managed to overcome various obstacles including working across multilingual teams and different time zones.”

Incorporating PPS’ solutions will enable Amaiz to add BIN sponsorship and e-money licensing to its offering.

The company expects more activity as its customers will now be able to use their mobile business current accounts to process faster payments, BACS, direct debits and CHAPS.

Furthermore, account holders will receive a contactless prepaid Mastercard card, which permits ATM withdrawals and POS payments.

“Their extensive experience in delivering digital banking solutions and ability to connect to alternative payment solutions means we have been able to grow the Amaiz vision. We’re looking forward to continuing to tackle the market head on with the support of PPS,” Taklalsingh concluded.

Amaiz has been developed to support entrepreneurs and sole traders. The digital bank stress the importance of meeting any demands set by the growing demographic of fintech and payment brands whilst continuously striving to provide “innovative, flexible and efficient banking solutions.”

Ray Brash, CEO, PrePay Solutions, said: “Partnering with Amaiz is an important step for PrePay Solutions. Our business now serves a broad spectrum of needs across a significant B2B banking portfolio in the fast-growing fintech space.

“We were drawn to Amaiz due to its exciting, entrepreneurial and forward-thinking approach – in particular its innovative design programme based on end-user behaviour.”