Category Archives: Digital Payments

PSI Pay Is Making International Transactions Easier

Many people may not understand exactly what purpose a digital wallet serves, but they can be just as useful as a traditional wallet if used properly. Digital wallets are more secure than typical wallets and also more convenient, especially with the use of tools like PSI Pay that help to link everything together. Unfortunately, while digital wallets are more advanced on a technological level, they can still have some of the same problems as physical wallets when it comes to international transactions.

In Europe, there are digital wallets that allow their users to carry cash as well as linking debit cards that allow them to withdraw money at almost any ATM. The providers of these wallets are the ones responsible for handling issues such as chargebacks as well as disputes. There are many different ways to deposit money into these types of wallets like transferring from a credit card and also taking it out of a traditional checking account.

One of the reasons why so many people are making the switch to digital wallets is the popularity of cryptocurrency. PSI Pay understands that this can be quite complicated and sometimes only useful in areas with several retailers that accept it. Unfortunately, there are many regions that don’t have this type of accessibility when it comes to retailers.

The fintech company PSI Pay is under the regulation of the UK Financial Conduct Authority. This allows their customers to be more assured about the regulation of their digital wallet which can make them more open to make the switch. In just 2015 alone, PSI Pay was able to increase their volume by almost 30% and this continues to grow with each passing year.

PSI Pay was given permission by the British government in 2011 to begin issuing electronic funds. They redesigned their ecoAccount and the related card back in 2013 which has led the company to see impressive growth by giving their customers the modern solutions for making payments that they were looking for. If you or your company make international purchases or uses cryptocurrencies, PSI Pay might be the solution that you are looking for.

https://www.dailyforexreport.com/digital-wallets-vary-country-psi-pay/