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London, UK. 11th January 2024: Edenred Payment Solutions, an Edenred company and one of Europe’s market-leading payments service provider, has been selected by UK e-money provider, thinkmoney, to upgrade its card and account platform capabilities.
Established in the UK in 2003, thinkmoney’s mission has always been to provide access, equality and inclusion to best-in-class financial products, services and experiences to those that need it most. They are passionate about making a positive difference to the lives of everyday people, building trusted relationships that bring added value and improved financial mobility. The majority of thinkmoney’s customers use their current accounts as a primary bank account enjoying features such as the smart budgeting tool which automatically holds the amount they need to pay their bills and an innovative App providing an easy to use digital banking experience.
Under the partnership, Edenred Payment Solutions will provide a full platform of payment services, including card processing and settlement, banking processing including screening of transactions, enhanced mobile wallet functionality, connectivity to various payment schemes, and other complementary services and support.By tapping Edenred Payment Solutions’ technical capabilities and processing strengths, thinkmoney can enhance customer experience through all channels and innovate at pace to grow its product range.
Michael Aldred, CEO at thinkmoney, comments: “Edenred Payment Solutions are providing a key element of our component architected technology stack. The team has wide-ranging experience and expertise across products and project management, and being part of the wider Edenred group ensures that we have a stable and reliable platform – which has 99.99% uptime. We need this dependability as we look to scale our existing offerings and expand into new product and market segments. It has never been a more exciting time to be a thinker!”
Edenred Payment Solutions will execute multiple highly complex platform integrations with thinkmoney’s existing banking relationships and to the UK’s Faster Payments scheme. This will ensure that thinkmoney’s customers see no interruption or disruption to their service as the platform evolves. With access to Edenred Payment Solutions’ cutting-edge API and tech stack, thinkmoney can offer the real-time connectivity and modern digital services that customers expect.
Edouard Billion, General Manager at Edenred Payment Solutions, says: “We want to support companies who are making a positive difference, and thinkmoney is doing just that. Over its 20+ years in operation, thinkmoney has grown its customer base and brand largely organically. That’s a huge testament to its ability to help consumers manage their money, and the clear need for its services. It’s great to be supporting a business with a passion for enabling greater financial mobility, helping to upgrade thinkmoney’s platform to deliver a better experience for its customers. This partnership also acts as further evidence of how we can support large scale-ups, to help them grow steadily in the market and provide them with enhanced product functionalities.”
Thanks to the stability, reliability, and scalability of Edenred Payment Solutions’ platform, thinkmoney can provide its customers with a more convenient, secure, and better connected account service while it looks to expand into more European markets and explore the potential of a new B2B product offering.
About Edenred Payment Solutions
Edenred Payment Solutions is Europe’s market-leading payment solutions provider, enabling its clients to offer digital banking, embedded finance and card-based solutions to its customers. Edenred Payment Solutions provides a suite of functional APIs that enable clients to access an ecosystem of connections including payment schemes, licenses and banking solutions. As an Electronic Money Institution, regulated by the FCA and NBB, it helps fintechs, corporates and retailers deliver a unique product experience, without the technical and regulatory complexities.
As a trusted partner and Mastercard Principal Member, it offers flexible solutions and guidance every step of the way. Successful brands across the UK and Europe such as Tide, Monese, Sainsbury’s, Foncia and Bouygues benefit from Edenred Payment Solutions’ technology, licensing and 15+ years of industry expertise, giving them the freedom to focus on providing the best experiences for their customers. For more information, please visit eps.edenred.com.
Edenred is a leading digital platform for services and payments and the everyday companion for people at work, connecting 60 million users and 2 million partner merchants in 45 countries via close to 1 million corporate clients.
Edenred offers specific-purpose payment solutions for food (such as meal benefits), incentives (such as gift cards, employee engagement platforms), mobility (such as multi-energy, maintenance, toll, parking and commuter solutions) and corporate payments (such as virtual cards).
True to the Group’s purpose, “Enrich connections. For good.”, these solutions enhance users’ well-being and purchasing power. They improve companies’ attractiveness and efficiency, and vitalize the employment market and the local economy. They also foster access to healthier food, more environmentally friendly products and softer mobility.
Edenred’s 12,000 employees are committed to making the world of work a connected ecosystem that is safer, more efficient and more responsible every day.
In 2022, thanks to its global technology assets, the Group managed some €38 billion in business volume, primarily carried out via mobile applications, online platforms and cards.
Edenred is listed on the Euronext Paris stock exchange and included in the following indices: CAC 40, CAC 40 ESG, CAC Large 60, Euronext 100, Euronext Tech Leaders, FTSE4Good and MSCI Europe.
The logos and other trademarks mentioned and featured in this press release are registered trademarks of Edenred S.E., its subsidiaries or third parties. They may not be used for commercial purposes without prior written consent from their owners.