The Financial Conduct Authority has confirmed that Premier Payment Solutions Ltd, which traded as PPS Money and MTBS, entered liquidation on Sept. 10, 2026, after its directors determined that it could no longer continue trading. The firm was registered as a small payment institution under the Payment Services Regulations 2017 and provided cross-border money-remittance services, primarily to money service businesses through a network of FCA-registered agents. Bai Cham and Gary Shankland of BTG Begbies Traynor were appointed joint liquidators. They will assess customer claims and distribute available funds where possible. The FCA advised customers to direct questions to the liquidators and remain alert to unexpected communications claiming to be from PPS Money, BTG Begbies Traynor or the FCA.
2026-09-14Financial Conduct Authority
Financial Conduct Authority reports liquidation of Premier Payment Solutions, a registered small payment institution
The Financial Conduct Authority has confirmed that Premier Payment Solutions, a registered small payment institution trading as PPS Money and MTBS, entered liquidation on Sept. 10, 2026. The appointed liquidators will assess customer claims and distribute available funds where possible, while customers have been warned to remain alert to scams.