An Inside Look at PSI Pay, the First Contactless Payment Ring

One of the newest kids on the block in payment services is PSI pay. PSI pay and Kerv decided to partner together to bring the first contactless payment ring to those who want to be able to send payments without a hassle. PSI Pay offers the ability to deposit and withdraw funds in real time in more than 170 countries. The fintech industry loves this type of service because it’s what fintech does best. With card payment facilities and other offerings, PSI pay has become the number one option for many in the UK.

Additionally, one of the features that has made this card a great option, is the Mastercard license. This license along with the partnership of Kerv enables users to make payments without needing to make contact. This means no hassle for the user and less time to move money to where it needs to go. With more than 30 million locations for users, it is now easier than ever to fund their bank accounts or reload debit cards with PSI pay.

Phil Davies, the Managing Director of PSI pay, said in a recent statement that they were thrilled to be able to work with Kerv as an alternative payment service. Their technology and functionality are innovative, but the ease of use is what is most attractive to the average user. Bank transfers may also be done utilizing PayPal, a popular service based out of the U.S. but available around the world. Now that cryptocurrency is becoming a more popular payment option, payment processing services are now offering more to their customers as a result.

Electronic payment services are now the most popular way to send and receive money and the goal with PSI pay and Kerv is to make it contactless and easy to use. The faster and less expensive sending and receiving money is the more someone is likely to use that service again. This service is also now able to benefit from making purchases within the app.

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