On 10 September 2026, Premier Payment Solutions Ltd, trading as PPS Money, entered liquidation. The decision was made by the firm's directors, who concluded that it could no longer continue trading.
The firm is registered as a small payment institution under the Payment Services Regulations 2017. The joint liquidators, Bai Cham and Gary Shankland of BTG Begbies Traynor, are responsible for managing the liquidation process.
The liquidation affects consumers who used PPS Money's services, as they may need to file claims to recover any funds. Compliance officers at payment institutions should monitor the process and assist affected customers.
The joint liquidators will assess customer claims and distribute any available funds back to customers where possible. Further details regarding the liquidation process can be obtained by contacting the joint liquidators directly.