The European banking system is now on the long road to recovery, after what has been considered a major financial crisis. During the years of 2013 to 2017, many regular banking consumers lost quite a bit of money on faulty bonds, unsecured loans, and bank fallouts. Numerous banking institutions received bailouts from the government and some were even closed. While internet finance has attained growing popularity and success, there has still been some resistance to utilizing online financial systems for what most people deem principal beyond their most important priorities. PSI Pay, an online financial payments and treasury reservoir, has been a reliable alternative to land based banks and has been providing elite services to customers since 2007.
When consumers consider the plethora of electronic financial institutions available online, the first companies that come to mind are their own banks, say Wells Fargo for instance. If you were to ask that same consumer, how they would go about sending a payment to another person, what do you suppose their answer would be? Be they commercial customers, or non-business customers, many consumers are aware of financial products like wire transfers, cashier’s checks, money orders etc. Some are aware that they can initiate these payments themselves, online through their bank of choice. However, with the advent of the internet, there are a few payment solutions that offer consumers hassle-free, and quick payments. PSI Pay is one of those companies. Founded in 2007, PSI Pay Limited is a regulation compliant, electronic financial company, which allows registered members to deposit, manage, and withdraw money. At the moment, PSI-Pay is available in 173 countries, and works with over 40 different currencies.
PSI Pay offers their services to both commercial and non-commercial consumers. According to the Financial Conduct Authority (FCA), this company is compliant in the electronic money regulations of 2011, and fully authorized to conduct monetary transactions online. Like other online financial systems, PSI Pay is currently partnered with MasterCard® to provide customers with debit cards, virtual cards, no contact e-currency, and prepaid monetary cards.
Part of the company’s success is due to the innovative vision of Phil Davies, their managing director. In 2015, under his management, PSI Pay saw an increase in business of 29%, revenue income of 45%, and overall profits shot up by 43%. How do these numbers relate to potential consumers? Members of thriving financial systems can transact their financial enterprises with peace of mind, knowing that their money is in the hands of a top shelf, proficient company like PSI Pay.
Learn More: www.allpay.net/psi-pay-ecocard