Prepaid Financial Services (PFS) Announce Results of Their Award-winning Prepaid Solutions for Events and Festivals - Seite 2

"We're excited to see how prepaid financial products evolve in the next few years as cashless and contactless solutions become more prevalent in the events industry."

Football clubs and stadiums have also begun to embrace prepaid solutions. Match tickets can be pre-loaded onto cards to fast track cardholders through gates with a single tap - much like an Oyster Card, reducing queuing times. Once inside the stadium, refreshments can be paid for with a single tap, with loyalty points and benefits being linked to the card, giving fans a greater incentive to spend, while also increasing revenue for the club.

Merchants can also benefit from prepaid solutions being implemented at venues. As well as being able to trace all transactions, as they do not need to handle cash, the payment process is streamlined, allowing them to serve more customers; thus increasing their revenue. On average, attendees using prepaid cards will spend 10-30% more than those who pay using cash.

PFS has also demonstrated that the data collected from user transactions in close proximity to festival sites, events, and venues can provide valuable insight into partnerships and other marketing opportunities with local businesses and event sponsors.

Notes to editors  

About Prepaid Financial Services: 

Prepaid Financial Services (PFS) is an award winning payments technology specialist offering a comprehensive range of e-money and banking solutions including e-wallets, physical and virtual prepaid cards and current accounts in the UK and the Eurozone. Authorised and regulated by the FCA in the UK, PFS has passported its e-money license across the SEPA region to enable card issuance throughout the region.

Founded in 2008, PFS is now one of the fastest growing issuers in Europe, with programmes live and active in 23 countries with the ability to transact in 20 different currencies. Its products and cutting-edge technology platforms are utilised by governments, local authorities, mobile network operators, banks and corporates globally.

PFS has been listed within the top 25 fastest growing technology companies in the UK by the Sunday Times Tech Track 100 for 3 consecutive years and most recently ranked number 108 in Deloitte's EMEA Technology Fast 500.

For more information about PFS's payment solutions please contact [e-mail]

About Festipay 

Festipay is the largest cashless payment service provider of the Hungarian festival market. Cardnet Zrt, the leading service provider of electronic transactions - independent from banks -  and Sziget Cultural Management Office (Sziget Kulturális Menedzser Iroda Kft) which is the organiser of festivals such as the Sziget, Volt, Balaton Sound, Strand, Gourmet and Gyereksziget festivals, founded Festipay Zrt, their mutual company together.

Festipay provides comprehensive cashless payment solutions for events and festivals in Hungary and at international markets. Besides providing cashless payment solutions, the company is capable of integrating other services connected to festivals such as ticketing, access control, activities connected to brand communication.