PPS Powers Sprive, The World’s First Mortgage Overpayment Platform

Share this post

11.10.21, London PPS, an Edenred company, today announces its partnership with UK-based Sprive, the first of its kind mortgage overpayment app designed to help homeowners become mortgage free faster and save interest.

On average Sprive’s existing customers are on track to pay off their mortgages eight years earlier and save £32,000 in interest. PPS provides Sprive with its payments technology platform, payments licensing and processing services including e-Wallet provision, access to the Instant Faster Payments Service, regulatory adherence and anti-fraud services.

With the help of PPS, Sprive’s iOS and Android app links directly to a customer’s bank account to analyse spending information and gain automatic access to mortgage information. Sprive’s AI then determines how much money to set aside for optional mortgage overpayments according to a customer’s spending habits.

The app will suggest certain spend limits that will not impact a customer’s lifestyle, with the option to move money from the user’s account to a Sprive-controlled e-Wallet made possible thanks to PPS technology. Once a customer’s money is saved, they are able to choose whether to partially or fully pay back the amount before Sprive pays it into the mortgage holding bank on the user’s behalf.

Ray Brash, Chief Executive Officer at PPS, said: “As a leading driver of innovation in fintech and paytech across Europe we are committed to working with both established players and growing start-up brands cross-vertical, such as Sprive. Utilising our platform, access to networks and expert knowledge within the PPS team, together we’ve built a truly unique payments infrastructure which will significantly support the growth of Sprive’s user base.

“We know Sprive will make a significant difference to how the mortgage market operates by putting more power into consumers’ hands, enabled by our white-labelled technology.”

Jinesh Vohra, Chief Executive Officer at Sprive added: “We were aware that PPS had excellent technology, compliance and commercial credentials and a great existing customer base, but what impressed us most was how deeply and quickly they understood our vision. We know that by working with PPS’ platform and team of knowledgeable experts, we will be fully supported on our growth journey. Together, we will help UK mortgage holders reduce debt, pay off their mortgage earlier and save tens of thousands of pounds”.

To find out more about PPS, visit: https://www.pps.edenred.com/

To find out more about Sprive, visit: https://sprive.com/

More To Explore


Are you a member of The Payments Association?

Member benefits include free tickets, discounts to more tickets, elevated brand visibility and more. Sign in to book tickets and find out more.


Log in to access complimentary passes or discounts and access exclusive content as part of your membership. An auto-login link will be sent directly to your email.

Having trouble signing?

We use an auto-login link to ensure optimum security for your members hub. Simply enter your professional work e-mail address into the input area and you’ll receive a link to directly access your account.

First things first

Have you set up your Member account yet? If not, click here to do so.

Still not receiving your auto-login link?

Instead of using passwords, we e-mail you a link to log in to the site. This allows us to automatically verify you and apply member benefits based on your e-mail domain name.

Please click the button below which relates to the issue you’re having.

I didn't receive an e-mail

Tip: Check your spam

Sometimes our e-mails end up in spam. Make sure to check your spam folder for e-mails from The Payments Association

Tip: Check “other” tabs

Most modern e-mail clients now separate e-mails into different tabs. For example, Outlook has an “Other” tab, and Gmail has tabs for different types of e-mails, such as promotional.

Tip: Click the link within 60 minutes

For security reasons the link will expire after 60 minutes. Try submitting the login form again and wait a few seconds for the e-mail to arrive.

Tip: Only click once

The link will only work one time – once it’s been clicked, the link won’t log you in again. Instead, you’ll need to go back to the login screen and generate a new link.

Tip: Delete old login e-mails

Make sure you’re clicking the link on the most recent e-mail that’s been sent to you. We recommend deleting the e-mail once you’ve clicked the link.

Tip: Check your security policies

Some security systems will automatically click on links in e-mails to check for phishing, malware, viruses and other malicious threats. If these have been clicked, it won’t work when you try to click on the link.

Need to change your e-mail address?

For security reasons, e-mail address changes can only be complete by your Member Engagement Manager. Please contact the team directly for further help.

Still got a question?