UK e-money firm thinkmoney is upgrading its card and account platform capabilities with a new range of payment services.

The company, first launched in 2003, aims to provide access, equality and inclusion to financial products, services and experiences for "those that need it the most".

The majority of the firm's customers use their current accounts as a primary bank account, using features such as its smart budgeting tool and a digital banking app.

Through a partnership with payment service provider Edenred Payment Solutions, the company will now provide a number of new payment services, including card processing and settlement, banking processing, enhanced mobile wallet functionality, connectivity to various payment schemes, and other complementary services and support.

The partnership said that several complex platform integrations will be carried out with thinkmoney’s existing banking relationships and to the UK’s Faster Payments scheme.

“Edenred Payment Solutions are providing a key element of our component architected technology stack," said Michael Aldred, chief executive, thinkmoney. "The team has wide-ranging experience and expertise across products and project management, and being part of the wider Edenred group ensures that we have a stable and reliable platform – which has 99.99 per cent uptime."

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