Zempler Bank
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(Redirected from Cashplus)
British challenger bank and prepaid card operator
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| Owner | Zempler Bank Limited |
|---|---|
| Country | United Kingdom |
| Introduced | 2005; 20 years ago (2005) |
| Markets | Financial services |
| Website | www |
Zempler Bank, previously known as Cashplus is a British challenger bank and prepaid card operator that is a trading name of Zempler Bank Limited. Zempler Bank provides business bank accounts and contactless Mastercard cards in the UK.
History
[edit ]Zempler Bank was initially a prepaid card operator launched in the UK in 2005 under the name Cashplus.[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]
In July 2024, Cashplus Bank rebranded to Zempler Bank.[5] [6]
References
[edit ]- ^ "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".
- ^ Mucklejohn, Lars (12 March 2024). "Cashplus: Digital challenger to rebrand as Zempler Bank this summer".
- ^ Reynolds, John (24 March 2024). "Cashplus Bank rebrands to Zempler Bank".