PPS Powers Vybe, The fintech for Generation Z

Share this post

6th October, 2020: PPS, formerly PrePay Solutions, and subsidiary of Edenred, the everyday companion for people at work, has today announced its partnership with Vybe, the fintech dedicated to young people.

 

Launched in September 2020, Vybe offers a free payment card for youth aged 13 to 18 years old, and an application to help manage their spending. Each user has a French IBAN and can make purchases with their mobile phone. Alleviating any parental fears around their teenagers’ spending, a secure mirror homepage enables parents to keep tabs on spending and make instant transfers. Vybe’s e-wallet capabilities allow customers to spend, utilising full debit BIN capabilities.

 

With only 10% of teenagers being bank authorised, France counts five million young people aged 13 to 18 years old with no access to financial services. Created by Generation Z for Generation Z, the demographic presents a new breed of customers for financial organisations, as the first generation to be born and raised with social media platforms.

 

By utilising PPS’ e-money licenses and technology infrastructure, all Vybe accounts come with a PPS-powered Mastercard virtual card as standard, which can be added to customers’ digital wallets within minutes of applying and used for contactless and online spending. Going forward later this year, customers will be able to choose to order a physical, contactless, PPS-powered Mastercard card, which can be used for POS payments and ATM withdrawals anywhere that accepts Mastercard.

 

Ray Brash, CEO of PPS, commented on the partnership: “Unlike Millennials who witnessed the rise of the digital age, Gen Z has never known a world without smartphones, social media and instant access to information. This trend setting company has huge growth plans following the initial launch in France, and we’re excited to continue supporting with an ever-evolving product roadmap to meet the demands on this demographic who are changing the face of fintech.”

Vincent Jouanne, CEO and Co-founder of Vybe added: “Together, with the hard-working PPS team, we have created something truly special that is redefining financial services for a generation that has historically been facing difficulties in accessing such programs. As one of the first in the space committed to teenagers, we hope to receive back the same loyalty we have provided, expanding further across Europe and into the UK, and achieving 300,000 sign ups by next year.”

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

To find out more about Vybe visit: https://vybecard.com/

More To Explore

Membership

Merchant Community Membership

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.

Welcome

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?