Tuesday February 18, 2020

Making it pay: how PFS is leading the prepaid revolution

Noel Moran of Prepaid Financial Services on selling the business for €327m, building a fintech hub in Trim and winning a contract from the British Home Office

12th January, 2020
Noel Moran and Valerie Willis: their e-payment company will provide prepay cards for all asylum seekers in the British system. Picture: Bryan Meade

When Noel Moran and his wife, Valerie Willis, landed a British Home Office contract for prepaid cards last week, it should have surprised no one. Their Trim-based company, Prepaid Financial Services (PFS), is already a leading supplier for similar government contracts in the British market and, as Moran told the Business Post last week, there is “a growing market there and in Europe”.

According to PFS’s chief executive, Britain is leading...

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