PPS set to Power pockid, Germany’s first Gen Z fintech

Share this post

London, 07th, April 2021: PPS, formerly PrePay Solutions and an Edenred company, today announces that it has been selected to be the partner to pockid, the first German Neobank for Generation Z (15–24-year-olds). The service provides young people with a new way to handle their money through an easy-to-use iOS and Android application, with a Mastercard® debit card for spending both online and offline.


pockid is set to launch in April 2021 in Germany, and with the help of PPS will be rolled out into other European markets in the coming years. PPS will support pockid with several key functions, including its e-money licensing with passporting capability into Germany and other EEA (European Economic Area) countries, the ability to make and process payments including card transactions and p2p, support for Google Pay and Apple Pay, and the option for saving wallets, all with an associated Mastercard® debit card.


pockid required a scalable solution that could easily be adapted into multiple languages and adjusted in line with local regulations, as well as implemented with alternative payment methods which are a great form of secured and contactless payments – especially welcomed during the Covid-19 crisis.  It is for this reason that pockid chose to partner with PPS as it met all these requirements while maintaining a high standard for its technology.


In Germany, a majority of generation Z have a monthly income, but lack the ability to spend it online. It is this issue that drove pockid to develop its app for the younger generation, supplying them with an avenue for spending their high rate of disposable income.


Parents and legal guardians of pockid’s users will be given greater visibility to monitor their children’s spending habits and ensure the security of their children’s finances through a web application exclusive to them. The service also comes with a pocket money assistance feature giving parents the ability to transfer money directly into their children’s accounts through direct debit.


Jes Hennig, Co-Founder & CEO, pockid, commented: At pockid, our goal is to create an experience that meets the daily needs of Generation Z. Our research earlier this year with Mastercard highlighted that a third of German sixteen- to eighteen-year-olds are not equipped and heavily dependent on their parents when it comes to access to financial services. And for those who are banked, they are inexperienced in what financial services can offer and are pre-dominantly using outdated services that may even lack the ability to make online payments.  


“With so many young people in Germany receiving a monthly income, we need to provide a service to help them manage their money and spend responsibly. We’re impressed with the PPS team so far, who have an innovative mindset and have enabled us to provide the products we need for our customers to meet our short-term and long-term expansion plans.”


Ray Brash, CEO of PPS, added: “We’re extremely proud to power a real first for the German market in the form of pockid. Educating the younger generations on financial services is a global issue and while the culture around money management in Germany makes the country a perfect launchpad for pockid, the benefits its services bring will support teenagers and young adults the world over. Following its successful launch, we will be placing our full attention on helping to scale pockid in other European countries, with a goal to go global.”


pockid includes both a virtual and physical card, with options for the latter including a standard plastic card or an environmentally friendly wooden card, courtesy of exceet Card Group, an expert in the creation of environment-friendly payments cards. The Austrian-based card manufacturer offers its customers sustainable products along the entire value chain.


exceet will also continue its support of PPS in the company’s own mission to be an integral part of the growth of green finance throughout the year and beyond.


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


To find out more about pockid visit: https://www.pockid.money/

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?