Cashplus
Cashplus Bank is a British challenger bank and prepaid card operator that is a trading name of Advanced Payment Solutions (APS). Cashplus Bank provides business bank account and contactless Mastercard cards in the UK.
| Owner | Advanced Payment Solutions Limited |
|---|---|
| Country | United Kingdom |
| Introduced | 2005 |
| Markets | Financial services |
| Website | www |
History
Cashplus was initially a prepaid card operator launched in the UK in 2005.[1] As of 2008, it had become the top prepaid service in Europe using Mastercard credit cards.[2]
It applied for a banking licence in 2017, then transformed into a fully regulated UK bank after acquiring its banking license in 2021, thereby becoming Cashplus Bank.[3][4]
Later in 2024, Cashplus Bank is set to rebrand as Zempler Bank.[5]
References
- "Payment cards are first step towards making cash obsolete". The Independent. 24 September 2005.
- "Advanced Payment Solutions Moves Europe's Leading MasterCard-Branded Prepaid Portfolio to Metavante". Business Wire. 17 April 2008.
- Hinchliffe, Ruby (5 February 2021). "Cashplus lands full banking licence after 15 years as an EMI".
- Bhattacharya, Megha (3 February 2021). "FinTech Cashplus secures a full UK banking license".
- Reynolds, John (24 March 2024). "Cashplus Bank rebrands to Zempler Bank".
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