Saturday 21 September 2019

Irish-based fintech launches Google Pay prepaid solution with Spain's postal service

Correos Photo: Bloomberg
Correos Photo: Bloomberg
Louise Kelly

Louise Kelly

An Irish-based fintech is helping customers of Spain's postal service get access to Google Pay with their prepaid debit cards.

The relationship between Prepaid Financial Services Limited (PFS) and Correos began three years ago when the post office launched its prepaid offering.

Hundreds of thousands of holders of the prepaid Mastercard, available across 2,400 post offices in Spain, can now purchase using Google Pay functionality. 

Deputy Head of Corporate Development at Correos, Martin Gonzalez de Haro, said that PFS technology and the collaboration with Correos allows citizens to experience these mobile transactions without being a member of a traditional bank.

"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," he said.

PFS CEO Noel Moran said that the launch places financial tech at the heart of Spain's 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," he said.

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