Category: Alternative banking
PSI pay is an online banking company that majorly specializes in credit card and prepaid debit services.It offers solutions to sponsorship payment that enables businesses to get the support of an institution that is regulated by FCA (financial contact authority).It also provides a secure, private and rapid means of making payment transaction globally by businesses and individuals.
Since the year 2007, PSI pay has been operating globally in the provision of payment solutions to businesses. It is proud of its clarity, efficiency, and transparency on services it offers. This company has a license that authorizes it to operate and it has recently been permitted by the FCA to give out electronic money throughout the EU.
PSI pay being a principal member of MasterCard, issues physical card programs and bespoke virtual for individuals and companies over the whole world, which include management of corporate expenses and payment schemes of remote staffs that utilizes the self-card for PSI pay and account issuing facilities.
They take the responsibility of empowering their partners to carry out, distribution, sales, marketing and general management of the card programs which they use for payment in the best way possible. Usually, they specialize in the management of activities that involve MasterCard such as settlement and approvals, reporting and other activities that the FCA regulatory authority may require.
— PSI-Pay (@PSIPayLtd) June 24, 2016
Members of the PSI pay are often privileged to deposit or withdraw money in real time in 44 currencies across 173 countries from local banking networks. Currently, PSI pay has been in a position to finish its strategic overhaul and introduced some new and better supplier relationships thus investing further in its capabilities on technology with a greater emphasis on security.
Income revenue, business volumes and pre-tax profits have been able to rise up by 45%, 29%, and 5.5% respectively in the year 2015. This has been achieved through cooperation and teamwork among the staff as stated by the managing director; Phil Davies. This growth has led to the launching of some new products and their affiliate program being successful as well as their expansion to additional countries.
PSI pay business model has been very successful due to the growth of sponsorships on payment card program and soon it will be publishing case studies of high profiles.