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March 17, 2018

PSI Pay Leads in Providing Innovative Fintech Payment Solutions

PSI Pay is an UK-licensed payment solution institution that provides e-money services in the European Union. It is also the main Fin-tech company licensed by MasterCard to both issue debit and credit payment cards together with contactless programs and virtual cards across the European Economic Area (EAA).

This role makes the company responsible for reporting to the FCA on necessary information on the Master Cards activities that may include reporting, compliance, and audits.

Having begun its operations in the year 2007, PSI Pay has a global audience that terms them as transparent and effective. This has been supported by PSI’s professionals in the banking sector who are knowledgeable regarding alternative payments.

Contactless Payment

Among their variety of products, the MasterCard Contactless Card has also caught a lot of attention by allowing members to make payment of goods and services without having to enter a pin.By placing the card over a card reader you can make a payment of up to or less than £20.This method of transacting seems risky but each transaction is uniquely encrypted to protect transaction data and just in-case you happen to tap the card twice you can only bill once.

The company recently partnered with Kerv wearable to give the world the first ever contactless payment ring. This payment ring will be accessible in 38 million worldwide locations and will allow users to contribute to their accounts through their debit or credit cards and bank transfer or PayPal.

Kerv users will also have access to a virtual card that will allow online purchases. Commenting on the partnership, Managing Director Phil Davies was excited about their new partnership of creating a very new experience for their clients.

Providing Quality Services

Constantly aiming to provide the best services to their audience PSI Pay came in to assure their clientele that they will not be affected by any eventualities of the Brexit as the company had already planned on how they would remain stable.

Over the years striving to be the best service providers in the field has paid off really well. In the year 2015, the FinTech Company experienced it best financial period, PSI’s overall business revenue increased by 29 %. The growth in revenue was due to the launch of their affiliate program, expansion into other regions, various product launches and promotional campaigns.

To keep in touch with their audience PSI Pay has an updated Linkedin profile with details of their roles and objectives. Their company profile on the platform also gives more information details such as the number of employees and headquarters thus raising an interest to click on the link provided to redirect you to the company website for more information.

For details: www.lb.lt/en/sfi-financial-market-participants/psi-pay-ltd

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