Contactless payment is shaping the future of banking service. People can make transactions using electronic means without signing or providing PIN. PSI-Pay is the initiator of contactless payment that has been taking place in the British world for over ten years now. The PSI Pay and Kerv Wearables emphasizes that cashless payment will dominate the future transactions.
This mode of payment involves the use of smart cards, credit cards, and debit cards as payment forms for purchase of goods and services. The PSI-Pay company offers contactless services company. Its affiliate, Kerv uses ring payment, which is designed for both genders. Besides, they durable, waterproof and scratch damages.
The ring has been launched into the global market. This mode of payment is secured by Near Field Communication (NFC). For one to make the contactless payment, the customer has to tap the ring or the card to the point of sale terminal. The transaction, however, can process a limited amount of money to protect the clients from unauthorized payment since it does not involves signature or PIN. Every bank has set its maximum transaction limit, which varies from one county to another.
PSI-Pay is the leading contactless payment company. It is among the Fintech companies that are regulated by the Financial Conduct Authority in the British government. The company offers digital accounts and card conveniences to customers in the UK and all over the globe. PSI-Pay partners with Kerv to provide contactless payments.
Psi Pay staff is made up of highly skilled professionals who provide alternative banking services. The company has provided contactless payment since 2007. Efficiency, transparency, and clarity is the policy that PSI pay operates on. It is licensed by FCA as PSI Pay Ltd. 2011. It is, therefore, able to provide electronic transactions all over the EU. The services are now available in more than 170 countries in the world.
PSI-Pay was enrolled as a principal member of MasterCard. Therefore, it is allowed to issue virtual cards, contactless Pay Pass programs, and prepaid cards to individuals and organizations globally. Besides contactless programs, the firm has been able to offer MasterCards in Europe for about a decade now.
The PSI-Pay company aims at empowering its partners to offer the best in the fast-growing alternative banking field. This includes regulation of the activities of corporate partners. Protecting quality associated with its name among other services.