PSI-Pay is an alternative banking solution that allows members to deposit and withdraw funds from the local banking network in 44 currencies, across 173 countries.
The evolution of contactless payments is occurring in today’s market where the need for efficiency is growing, just as the rate at which technology is being developed steadily increases. Due to the public eye being turned to these fairly new technologies, experts are predicting tremendous levels of growth in the coming years. PSI-Pay provides digital account and payment card facilities to an international market, they have partnered with Kerv, one of the leading innovators in the alternative payments industry to introduce the world’s first, contactless payment ring.
— PSI-Pay (@PSIPayLtd) April 28, 2016
Psi-Pay is a principal member of Mastercard, meaning they are licensed to use Mastercard’s contactless product, PayPass. PayPass uses safe and secure encryption to guard private information and transaction data. Mastercard also offers Zero Liability protection to PayPass users. As a member of Mastercard, Psi-Pay offers top quality products, and virtual and physical card programs made available to companies and individuals. In recent years, PSI has focused on improving supplier relationships, and they’ve continuously invested in furthering their technological capabilities emphasizing on security. 2015 was a great year for PSI-Pay, business volumes increased by 29 percent, and income revenue was also up by 45 percent.
PSI-Pay has a decent sized social media presence, with followers on multiple platforms. On Facebook, you can find them under their affiliated brand name ecoPayz. Although their followers amount to upwards of 3,700, their engagement ratio is rather low. On Twitter, they have about 150 followers, and they post quite frequently. It seems like they might be able to grow their social media presence, as it would assist in adding social proof to their brand. People tend to trust brands with a large number of followers.