PFS Launches Spain's First Google Pay Prepaid Solution with Correos
Prepaid Financial Services has Enabled Google Pay Mobile Payments for Prepaid Cardholders of the Spanish Post Office Network Correos
Hundreds of thousands of Correos Prepaid Mastercard customers in Spain can now experience the convenience of Google Pay functionality with the help of a leading European FinTech, Prepaid Financial Services Limited (PFS). The Google Pay feature leverages Mastercard's MDES platform (Mastercard Digital Enablement Service) for secure and convenient mobile transactions for consumers.
"Thanks to PFS' technology platform and its collaboration with Correos, any citizen can enjoy all of the mobile payment advantages with Google Pay using the Correos prepaid Mastercard card without the necessity to be a client of a classic financial institution. Correos, as a company, is focused on providing cardholders with the most innovative payment services and this integration with Google Pay certifies Correos as the first prepaid programme to be enrolled on mobile payments, making access to this new technology easy," stated Victor Martin Gonzalez de Haro, Deputy Head of Corporate Development at Correos.
"This is an exciting launch placing Financial Technology at the heart of Spain's payment ecosystem. Correos is the country's 5th largest employer with 53,000 employees and we are honoured to continue our partnership with the post office network. Correos continues to welcome advanced solutions and versatile payment products for an increasingly tech-savvy customer base," said Noel Moran, CEO at PFS.
Celebrating 302 years in business this year, Correos offers the Prepago prepaid card in 2,400 post offices across the country. The successful Correos/PFS relationship began in 2015 with the launch of the post office's prepaid offering. PFS manages the Correos Prepago programme with BIN sponsorship, programme management, complete end-to-end technology solutions, a dedicated mobile app, and customer support.