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Location
London
Member since
2013
Writes about
Payments Financial inclusion

Lee's blog archive

2016 (1) 2013 (1)
Lee Britton

Lee Britton

Commercial Director at Prepaid Financial Services (PFS)
Message Message me Posts: 3 Comments: 4
Bio Commercial Director at Prepaid Financial Services - one of Europe's leading e-money institutions. I am responsible for driving all international sales for the business. We provide e-wallet, prepaid cards and technology solutions for a multitude of sectors. Career History Over 20 years working within the payments sector in processing, issuing and acquiring environments

Blogs

 

Businesses still not making the most of multicurrency products

24 Aug 2016

The summer holidays have finished for most - and may have been more costly than anticipated thanks to Brexit. Still, fortunately, there are methods that holidaymakers can utilise to make savings while they enjoy a bit of sun, sea and sand, with many opting for prepaid cards, which are more secure than cash, have preferential FX rates, and help to ...

 

Disruptive financial inclusion on the agenda at Money2020 Europe

05 Apr 2016

According to the World Bank, there are 2 billion unbanked adults globally. While this has reduced from 2.5 billion in 2011 thanks to new products and services becoming available that serve this market better, there is still a long way to go before the goal of universal financial access by 2020 is attained. The issue of providing banking services...

 

Remittance system must evolve to match growing workforce

18 Nov 2013

Payments home by overseas workers reached a staggering $534 billion (£358.7 billion) last year and look set to top $685 billion (£460.1 billion) by 2015, according to the World Bank. With such a vast amount of payments today being conducted across borders, there is a real need for more efficient ways to make payments. In Western Europe, despite a ...

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Lee is Commenting on

Powa Technologies goes into administration - FT

  Hopefully there is a happy ending in this somewhere, although it doesnt appear likely to be the case for the investors en masse.  Maybe Powa is/was ahead of its time, or maybe the market conditions or product weren't right, or they overstated the financial forecasts, or investors pulled the rug out too early (or too late).  This is though fairly typical of UK approach to high-growth Fintech businesses.  We seem happy to throw money into it and substantiate high multiples of future EBITDAs and then we act surprised and shut the doors on capital access if there is a head wind or a downturn somewhere.  However this shouldnt reflect on the entirety of the UK fintech space.

22 Feb 2016 Reply Read article

Unbanked residents at risk of arrears with Universal Credit

  I agree here Matt.  The background to this is exactly as you say above, the issue of costs, which decline with the number of transactions anyway.  There have been so many positive roll outs of prepaid to pay out welfare and benefit payments globally (Post Italiane being the cream of the crop) and with UK Local Authorities who have been using prepaid cards to slash their cost of payments for Direct Care recipients.  There have been an awful lot of conversations with DWP and think tanks considering prepaid as one mechanism for payment of Universal Credit but not a great deal of momentum. The only real cost that hurts in prepaid is ATM withdrawal.  And the real cost of that could probably be absorbed elsewhere.

29 May 2014 Reply Read article

Novum Bank goes live on Carta payment processing platform

  This definitely isnt the industry norm for a data or card migration.  That can usually be measured in months, not days.  The article doesnt say how many cards were migrated or whether the transaction history was migrated (or just the balances) but moving the end point for settlement and a migration in days is pretty remarkable. It would be interesting to know how large a migration this is/was I guess. 

29 May 2014 Reply Read article

Alex Ferguson invests in prepaid card startup Pockit

  I am more worried.  Is there anyn truth to the rumour he has suggested David Moyes comes in to manage the project through this difficult time?

25 May 2014 Reply Read article