London-based Prepaid Financial Services (PFS) and Deutsche Card Services (DeuCS) in Germany have formed a strategic alliance to develop and provide new prepaid card services across Europe.
As per terms of the agreement, PFS will collaborate by offering technology and support to DeuCS to develop prepaid card services for corporate clients.
DeuCS will offer the UK company with strategic access to clientele in new operating regions, while they have also agreed to collectively develop new services in the future.
PFS chief executive officer Noel Moran said, "This partnership provides further validation of our growing stature as an industry leading global prepaid provider."
Deutsche Card Services delivers international full-service technologies for debit and credit card acceptance and other non-cash payment methods.
With live programmes in 10 currencies, PFS is a prepaid program manager that offers its products to governments, blue chip corporations, SME’s and individual consumers across Europe, Africa, America and the Middle East.