Prepaid Financial Services, which provides electronic money solutions for businesses, has announced a partnership deal with Plynk, Europe's first money messaging app.

Plynk enables instant, transparent person-to-person money transfers.

The partnership deal will allow Plynk provide its services to users across Europe,

Earlier this month, Plynk said it would create 40 jobs at its Dublin headquarters over the next year.

PFS is one of Europe's leading e-money issuers and provides the payment platform for the Plynk app.

Plynk's CEO Charles Dowd said the company's aim is to remove the complexities and awkwardness of person-to-person payments. 

"We introduced Plynk as there was an obvious need for an effortless money messaging service in Europe. Partnering with PFS allows us to continue our mission to providing a world-class service to our users," he added.