Zempler Bank

(Redirected from Cashplus)


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.

Zempler Bank
OwnerZempler Bank Limited
CountryUnited Kingdom
Introduced2005; 19 years ago (2005)
MarketsFinancial services
Websitewww.zemplerbank.com

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
  1. ^ "Payment cards are first step towards making cash obsolete". The Independent. 24 September 2005.
  2. ^ "Advanced Payment Solutions Moves Europe's Leading MasterCard-Branded Prepaid Portfolio to Metavante". Business Wire. 17 April 2008.
  3. ^ Hinchliffe, Ruby (5 February 2021). "Cashplus lands full banking licence after 15 years as an EMI".
  4. ^ Bhattacharya, Megha (3 February 2021). "FinTech Cashplus secures a full UK banking license".
  5. ^ Mucklejohn, Lars (12 March 2024). "Cashplus: Digital challenger to rebrand as Zempler Bank this summer".
  6. ^ Reynolds, John (24 March 2024). "Cashplus Bank rebrands to Zempler Bank".