PSI-Pay — Your Digital Billfold Featuring Improved Protection

PSI-Pay — Your Digital Billfold Featuring Improved Protection

Despite digital wallet’s convenience, some consumers find it hard to understand managing cash in this manner. Digital wallets work like your traditional pocketbook. Today, PSI Pay is your digital billfold featuring improved protection. The UK Fintech company continues to open its ideas for the banking industry and users.

Recently, Kerv and PSI-Pay have got together to issue the first contactless payment ring. Through this contract, users will have the comfort of doing transactions worldwide in as many as 38 million locations. PSI Pay provides payment card stations and accounts across the international market. Kerv users can put money into their bank account through PayPal, via a credit or debit card, bank transfer or through the automatic top-up service.

Since the merged companies promoted cashless payments, Kerv users can now make online or smartphone purchases with the virtual card. Additional, the contactless payment is valid for services and goods while customers can use smart cards, debit or credit cards. Now, all shoppers will find this payment-form easy to use in the retail environment. Furthermore, general retailers distributed terminals to complement different patterns of contactless payments and the Kerv’s ring.


The good news for Sweden and the UK society is the wearable payment ring’s flexibility. However, the Kerv and PSI-Pay technology won’t entirely remove the cash-reality. Even so, the London Underground will operate much faster without all the massive customer-lines buying paper tickets. The passengers can merely use contactless payments and save time while patronizing coffee shops or other retail venues dealing with big crowds.

Last, the public is favoring contactless-payment proceedings across the UK, and this business participation continues to grow. However, the Bank of England is using as much as seventy-billion British pound notes circulating. Thus, the bank’s Director of Notes, Victoria Cleland reminds the UK community not to write off using cash just yet.

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How 2015 Was a Great Year for Psi Pay

Did you know that 2015 was the best financial year for PsiPay? As a FinTech compamy, PsiPay was set to not only aid in the processing of payments, but they also defined what FinTech is all about. A financial company set up to run and make all of its services available through the use of technology is just what is necessary to make it successful in this global economy. With a major overhaul, PsiPay began to gear up for massive changes in the marketplace.

Just a few of the major changes the company made included not only new partnerships, but it also included increasing security to new heights. Because 2015 was such a big year for them, it also meant that they would increase in volume by nearly 30%. Income and revenue were up by 45%, and that meant great things to come. This big year was all new to them, and it came at the right time, just after a year of being up by nearly 45% overall.

This is where Phil Davies comes into play. He not only realized that change was needed, but he needed to find a way for the change to happen at the right pace. As the Managing Director, Davies was now focused on finding the right management team to carry the company. Would they be able to accomplish their goals? Davies believes that a team effort makes the difference. With the right promotional campaigns, Davies feels that the audience for PsiPay would grow and become more diverse over time.

Most importantly, how the company would be promoted with the maximum amount of effort but less expense, is through the affiliate program business model. There has also been tremendous growth with payment cards for the company. This means that they will not only be a payment processing service, but they will now become known for their ability to offer payment cards. This led PSI PAY to believe that 2016 was going to be a stellar year, and thus they were not disappointed.