Form3 partners with Pockit
UK-based payments systems specialist, Form3, has partnered with socially responsible fintech, Pockit, to provide the latter’s 500,000 UK customers access to faster payments, reports Martin Whybrow.
Form3 has a partnership with Pockit, a socially responsible fintech.
Form3 is also extending its direct presence in Europe, with a new office in Amsterdam.
Pockit delivers financial inclusion through accessing its digital current account with a contactless Mastercard that supports online payments, direct debits and has built-in tools that help people to monitor their spending.
Virraj Jatania, CEO and co-founder at Pockit, says working with Form3 has simplified access to payment schemes, thereby enhancing the company’s current account offering.
Adam Moulson, chief customer success officer at Form3, adds: “through our platform, Pockit can access the full universe of payment schemes to make moving money anywhere, faster, easier and more cost-effective for their users.”
Pockit provides people with access to vital banking services, enabling them to have their wages and welfare payments paid into their account and to top up this at 28,000 PayPoints across the UK.
Its services include cashback on purchases, and last year Pockit launched its Loqbox product, which helps customers save money and rebuild their credit rating.
Divya Bhatia, technical product manager at Pockit, says: “as a fully managed payments-as-a-service partner, Form3 has enabled us to deliver on our key priorities of creating a better customer experience alongside more back office control and transparency.”
Set up in 2016, Form3 says it expects to grow by 300 percent this year and has expanded its workforce by 50 percent since 2018. Customers include N26, Holvi and LHV.
Pockit was founded in 2014 and has over 500,000 customers in the UK.
