s-money
Information by Research TrustFinance
S-money was a subsidiary of the French banking group Groupe BPCE, operating as a licensed Electronic Money Institution. Launched in 2012, its mission was to simplify and secure online payments and group transactions. The company was well-known for its consumer-facing services like "Le Pot Commun," a leading online money pot service for group gifts and projects, and "E-Cotiz," a payment solution for sports clubs and associations. It also offered B2B services for marketplaces and e-commerce platforms requiring third-party payment processing and escrow services. In 2021, Groupe BPCE announced the strategic decision to cease S-money's activities; Le Pot Commun was shut down, and E-Cotiz was sold, with the company's operations fully winding down by 2022.
France
Industry
- PSP GatewayPRIMARY
- Other Service
Financial