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PPS equips the Post Office with real-time payments

Monday 30 May 2022 12:24 CET | News

UK-based payments provider PPS has announced that individuals and SMBs can deposit cash instantly to their accounts at post offices across the UK.

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.

Representatives from PPS stated that while COVID-19 has impacted banking, they are seeing customer demand for cash depositing services growing as businesses recover after the pandemic. Many of their cardholders run business accounts through them, therefore it is important for their cash flow that money moves as efficiently as possible. With this new service provided by PPS together with the Post Office, they can now match the benefits provided by cash depositories without the need for a physical location.

With a network of 11,500 branches, and with 99.7% of people in the UK living within just three miles of a Post Office, the network can bring vital services to local communities right across the country. The Post Office is happy to welcome PPS into its Banking Framework. The Banking Framework agreement continues to benefit both Postmasters and millions of customers who have access to everyday financial services over counters.


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Keywords: SMEs, cash, partnership, expansion
Categories: Payments & Commerce
Companies: PPS
Countries: United Kingdom
This article is part of category

Payments & Commerce

PPS

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