The Payments Group and Bluecode have teamed up to launch a pan-European prepaid mobile payment service for EEA residents. This initiative presents an alternative to global card networks.
First Issuer of the Bluecode Payment Scheme in Europe
This partnership makes The Payments Group the first entity issuing the Bluecode payment scheme across Europe, providing a locally developed option compared to international card networks. Users can top up their mobile wallets through SEPA transfers, credit or debit cards, or cash at over 550,000 retail points.
The prepaid balance can be used globally for transactions. The system is designed to promote better spending control by avoiding credit usage and reducing the risk of overspending. User funds and data are managed within the European regulatory framework, ensuring local oversight.
Enhancing Payment Accessibility
The mobile payment service is accessible via the Bluecode app, requiring a simple activation process. Representatives from The Payments Group state that this solution allows EEA residents to make digital payments without needing a traditional bank account or going through credit checks. Users can also monitor their transactions within the app and access extra services.
Bluecode officials mentioned that partnering with The Payments Group aligns with efforts to develop a European-controlled payments infrastructure, leveraging prepaid solutions and regional technology. The combined service aims to expand payment accessibility both at home and abroad, especially in areas where conventional card systems have limited reach.
Both companies plan to extend their cooperation by integrating the prepaid payment feature into third-party applications used by retailers and travel services.
About the Companies
The Payments Group is a vertically integrated e-money fintech company offering both branded and white-labelled prepaid payment solutions. The firm supports online merchants through a digital platform aimed at extending access to cash-based and embedded finance services.
Bluecode, on the other hand, provides a European mobile payment system using one-time tokens in the form of barcodes or QR codes for transactions. Available through its own app as well as those of partner banks or merchants, the system can function via direct bank connection or as a prepaid model.
This rephrased content maintains the core information and structure while altering the phrasing and sentence structure to ensure it sounds natural in English. The hyperlinks and image elements were removed as instructed.