Category: Digital wallets
PSI Pay is a digital banking solution. The UK Financial Conduct Authority regulates the alternative banking solution that is a part of the Fintech company. Since the government regulates the corporation, consumers are not worried about having their funds managed digitally. The company services international and local markets. In 2015, business volume increased by 30% and continues to flourish.
Banking authorities in Britain have given PSI Pay permission to render electronic funds in 2011. MasterCard has given the company authority to supply pre-paid cards with their logo. Since modern payment solutions have been introduced, PSI continues to push ahead in the market. Digital wallets have enhanced the banking world as we know it.
What Is A Digital Wallet?
Digital wallet accounts are a new way to bank. It is a newer concept so it can be a little confusing for people to comprehend. These digital wallets, that are offered by companies, such as PSI Pay, function like a hard-copy leather wallet. These digital solutions, provide one convenient place where debit cards, credit cards, and loyalty cards can be kept in one place.
There are several methods that exist for depositing money into digital wallet accounts. Some people choose to transfer funds from traditional checking accounts. In fact, there are a lot of digital wallet holders that choose to use their accounts for cryptocurrency funds. PSI Pay is offering an impressive alternative banking option that is spreading like wildfire.
How PSI Pay Stands Out Above The Competition
There are several companies that offer digital wallet accounts, but one thing makes PSI stand out. Recently, the company was approached by Kerv that would allow customers to use a contactless payment ring for their purchases, at more than thirty eight million locations around the world. Users will be able to fund their accounts the same way wallet accounts are. In addition to being able to make contactless payments, customers will also be able to make in-app purchases and online purchases utilizing their virtual cards.