Coconut is a business current account, not a
bank. The Coconut current account is an e-money
account provided by Prepay Solutions (PPS), a
trading name of Prepay Technologies Ltd, which is an
electronic money institution authorised by the
Financial Conduct Authority under the Electronic
Money Regulations 2011 (FRN 900010) for the issuing
of electronic money.
PPS holds all funds in a safeguarded account in
accordance with the Electronic Money Regulations
2011 which protects customers against Coconut or
The Coconut Mastercard is also issued by PPS
pursuant to a licence by Mastercard International.
Coconut is the trading name of Coconut Platform Ltd,
company number 09904418.