Psi-Pay: Revolutionary Technology for Financial Transactions
It was not very long ago that the only methods available for conducting transactions involved either a check or physical cash. Today the use of both credit and debit cards are more prevalent than either of these transaction methods. Now there seem to be even further advancements in the fields of transaction technology. Users around the world are quickly adopting the use of digital wallets in order to conduct business both online and in physical locations.
A new technological innovation in the financial technology industry by one of the leading regulated financial technology companies in the European Union, Psi-Pay, will soon allow users to make payments with a contactless payment ring. This contactless payment ring has been made possible through a business partnership between financial technology company Psi-Pay and wearable technology Kerv Wearables.
Psi-Pay holds a license for the distribution of MasterCard’s granted by the United Kingdom’s Financial Conduct Authority. This license for the distribution of MasterCard’s will allow users of the new technology to make payments both online and in person at over 38 million locations around the world. In addition to conducting transactions deposit funds to their account using their bank account or their debit and credit cards. Users will also be able to use PayPal with the use of the ring technology.
Phil Davies is the managing director of Psi-Pay and has recently announced his feelings regarding the results of the is this partnership with Kerv Wearables. He has stated that he is overwhelmingly happy with the results of the partnership. He further described Kerv Wearables as an incredibly innovative and exciting technology company that has developed numerous useful solutions to common everyday issues. He strongly believes that users will quickly adopt these new technologies to make use of the revolutionary payment applications they provide.
The founder of Kerv Wearables Phil Campbell has also shared his views on the business partnership. He believes that the partnership will be beneficial for both companies and that the new technology would not have been possible without the support of Psi-Pay. In the future, Phil Campbell hopes to develop the applications of the wearable contactless payment ring further.
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