Home Contact Us Sales Enquiry Competition Law Competition Law Statement Competition law aims to ensure that firms compete freely and fairly with one another for the benefit of customers and consumers. This statement sets out a clear commitment by the Board of Directors of (i) Prepaid Financial Services Limited’s (PFS UK) and (ii) PFS Card Services Ireland Limited (PCSIL) known together as (PFS) to comply with all applicable competition laws in all its business operations. Who we are? PFS is an e-money payments institution with operations in the UK, Ireland, Spain, France and Malta. We provide services in the payments industry to our partners including national governments, mobile network operators, banks and blue-chip organisations across Europe. Our service line includes own label and white label e-money solutions, including e-wallets, prepaid cards and current accounts. What, Why? PFS has put in place appropriate competition law policies and procedures to ensure that staff understand how competition law applies to what they do to avoid breaching the rules and how they can report internally any concerns they may have about anti-competitive practices. PFS has a zero tolerance approach to any conduct that breaches competition law. Infringement of competition law can result in very serious fines for PFS and have additional consequences such as reputational damage, litigation and even imprisonment and/or fines for directors and employees. To ensure compliance with these laws, PFS and its directors, officers and employees commit not to enter into any arrangements that are anti-competitive, including: Not to participate in a cartel; Not to reach agreements or understandings with competitors that could restrict competition (e.g. to raise prices or rig bids); Not to exchange, disclose or accept commercially sensitive information with, to or from competitors (e.g. on future price increases or commercial strategy); and Not to agree with competitors to limit competition in a market (e.g. agreement on exclusive territories or allocation of customers). Training PFS staff have access to, and are committed to complying with, our competition law compliance policy and guidelines on information sharing and relevant staff have received appropriate training on this area. Approval for this statement This statement was approved by the Board of Directors on 5 March 2021. CONTACT US EU-Info@emlpayments.com   SERVICES Careers Complaints Charter Contact Us Exchange Rates Frequently Asked Questions INFORMATION Cookies Policy Manage Cookies Competition Law Modern Slavery Privacy Policies Security Centre Strong Customer Authentication Site Map Terms and Conditions DEVELOPER Open Banking The PFS Prepaid Mastercard is issued by Prepaid Financial Services Limited pursuant to a license from Mastercard International Incorporated. Prepaid Financial Services Limited is regulated and authorised by the Financial Conduct Authority, as an Electronic Money Institution, registration number 900036. Registered Office: Fifth Floor, Langham House, 12 Little Portland Street, Marylebone, London, W1W 8BJ. Company Registration number: 06337638. The PCSIL Prepaid Mastercard is issued by PFS Card Services (Ireland) Limited pursuant to a license from Mastercard International Incorporated. PFS Card Services (Ireland) Limited, trading as PCSIL, is authorised and regulated as an issuer of electronic money by the Central Bank of Ireland under registration number C175999. Registered office: Front Office, Scurlockstown Business Park, Trim, Co. Meath, C15 K2R9. Company Registration Number: 590062 Mastercard and the Mastercard Brand Mark are registered trademarks of Mastercard International Incorporated. VISA is a registered trademark of VISA International. © Copyright 2021 EML Payments Europe Limited. All rights reserved We use cookies on this site. This site uses cookies for optimum website performance and the analysis of site traffic. To get more information about these cookies and the processing of your personal data, view our Cookie Policy. To edit your preferences, click the ‘Manage Cookies’ button. To accept these cookies and the processing of personal data involved, click the 'I Agree' button. You can change your choices at any time by clicking ‘Manage Cookies’ at the bottom of any page. I Agree Manage Cookies