PSI-Pay is a banking alternative company that assists businesses in the management of their finances. The company is based in Horsham, West Sussex, United Kingdom.
PSI-Pay offers payment solutions through sponsorship that provides businesses the backing of a financial conduct authority (FCA) regulated company. It is a well-known “Fintech” company in the U.K., and is a Principle Member of MasterCard ever since 2009. It is authorized to issue electronic regulated products that include prepaid paid cards, and debit cards that are obtainable in 173 countries and can be transacted in 44 currencies. PSI-Pay has the ability to provide MasterCard Services across the European Union since 2014.
PSI-Pay was established in 2007, and has been providing payment solutions for various businesses worldwide. It prides itself on having clarity, efficiency, and transparency. The PSI-Pay team are industry driven professional who possess extensive international global know-how in alternative and banking payments.
Upon its opening in 2007, the company was licensed by the FSA as a payment institution. In 2011 it obtained its license as an authorized Electronic Money Institution, and at present the company is regulated and licensed to dispense electronic money all over the European Union by the Financial Conduct Authority.
The company’s specialization is in the management of transactions through the utilization of the MasterCard that comprises audits, AML mandates, compliance and reporting.
PSI-Pay is composed of a high qualified risk team of data analysts and professional who are focused in investigating financial transactions and suspicious behaviors with the goal to reduce being exposed to fraud.
Currently, many individuals still have a difficulty in comprehending the purpose of having a digital wallet. To make it simple, digital wallets are accounts that have the same conventional role as the standard leather wallets. The only difference is that a digital wallet establishes a suitable and handy site for loyalty cards, debit cards, credit cards, and cash.
Moreover, a digital wallet improves security, and at the same time enables the user to exchange various papers and cards with a single mobile gadget. Likewise, digital wallets differ on international locations that are centered on the diverse practices of consumers.