Company: Edenred Payment Solutions
Managing Director: Rehana Mitha
Website: https://eps.edenred.com/
About Edenred Payment Solutions
Edenred Payment Solutions is a payment solutions provider, enabling its clients to offer digital banking, embedded finance and gift-card solutions to its customers.
Part of the wider Edenred Group, Edenred Payment Solutions provides a suite of functional APIs that enable access to an ecosystem of connections including e-money accounts with payment schemes and card issuing.
As a trusted partner with 20+ years’ experience and 500+ payment experts, Edenred Payment Solutions provides flexible solutions and guidance every step of the way.
As an Electronic Money Institution, regulated by the FCA and NBB, Edenred Payment Solutions supports successful brands across the UK and Europe such as Tide, Thinkmoney, Oney, PayByPhone, and Sainsbury’s, to deliver a unique product experience, without the technical and regulatory complexities, processing €300+bn transactions over the past few years.
In the last year, Edenred Payment Solutions has set its sights on revolutionising the insurance industry. In March, the team announced the launch of a new Virtual Card Number (VCN) product designed to help make claims payouts faster and easier for policyholders.
Instead of waiting weeks for reimbursements, customers can now get instant access to funds right when they need them.
For years, insurance claimants have had to deal with the hassle of paying upfront, filing claims, and waiting for refunds. According to research undertaken by Sollers Consulting and Ipsos, 63% of UK customers consider a quick claims handling process as one of their top expectations from their insurer.
Edenred Payment Solutions aims to support the industry through its VCN product which transforms the claims process giving policyholders immediate access to approved claim funds through a virtual payment card.
Alongside its commitment to transforming the insurance industry, Edenred Payment Solutions offers strong support for those in the retail, gift card, and fintech sector. In the last 12 months its in-house experts have contributed to features in Forbes, The Guardian and The BBC demonstrating their expertise in their field.
Edenred Payment Solutions plans to continue its growth not only in its recent specialisms like insure-tech, but also by deepening its offer and expertise in its existing verticals. With more new products and fresh insights, the team plans to make sure new and existing clients can make the most of what embedded finance offers. By doing this, Edenred Payment Solutions’ clients can focus on growing their business and developing brilliant new services to help individuals today.
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