PPS provides real time payments for the Post Office
PPS, an Edenred company, and the UK and Europe’s market leading payments provider, today announces an exciting new step in its long-standing relationship with the UK Post Office.
Individuals and small businesses using PPS services can now deposit cash instantly to their accounts at 11,500 post offices across the United Kingdom.
PPS has now signed up to the Banking Framework offered by the Post Office that allows customers to deposit instantly using their existing Chip&PIN card.
Aoife Hurley, strategic solutions & partnerships director at PPS, commented: “This is an exciting time for our long and successful relationship with the Post Office. While Covid-19 has impacted banking, we are seeing customer demand for cash depositing services growing as businesses recover after the pandemic. Many of our cardholders run business accounts through us, therefore it is imperative for their cash flow that money moves as efficiently as possible. With this new service provided by PPS together with the Post Office, we can now match the benefits provided by cash depositories without the need for a physical location.”
Martin Kearsley, banking director at the Post Office, added: “With a trusted network of 11,500 branches, and with 99.7% of people in the UK living within just three miles of a Post Office, we are uniquely placed to bring vital services to local communities right across the country. We’re delighted to welcome PPS into our Banking Framework. Our Banking Framework agreement continues to benefit both Postmasters and millions of customers who have convenient access to everyday financial services over our counters.”