PSI-Pay Ltd is one of the biggest financial technology companies in the United Kingdom. They offer many different services such debit cards, prepayment cards, virtual card and a contractless program called Paypass. Inventions in business is a good way to attract new customers. Paypass allows customers to pay using their smartphones or key fod without out the hassle of carrying around loose change or paper money. They are also affiliated with Mastercard Worldwide. The partnership gives customer the peace of mind that their money in the right hands. Also, this partnership tells investors that PSI Pay has the worldwide presence of Mastercard Worldwide. PSI Pay’s invention and partnerships have lead to the company growing substantially over the years.
In 2015, PSI-Pay LTD had its best fiscal year to date. This company saw their businesses volume increase by 29 percent, income revenue by 45 percent and pretax profits by 5.5 percent. These profits came right after a strong 2014 profits, where 15 percent revenue increase and and 43 percent gross profit increase. Phil Davies, Managing Director commented about the growth of PSI-Pay Ltd. He said “It has been a concerted team effort and demonstrates the calibre of staff we now have, my thanks to all concerned.” Also, Davies explained the growth was the launch of new exciting products, the successful launch of affiliate programs, promotional programs and expanding their business worldwide. He was also pleased with PSI’s payment card programs and that he is confident that PSI-Pay will be successful in the future.
The business is not a static place. Many investors and customers feared that Brexit would negatively impact the financial institutions across the United Kingdom. Customers and business owners have a lot of questions. Will I lose my savings? Will PSI-Pay go under? Should I move my money to another bank? About Brexit, Davies said ; “Whatever your views on the outcome of the referendum we at least have a defining answer to work with and the subsequent stability will be welcome.” PSI-Pay Ltd has been preparing for this eventuality. Also, they are ensuring investors business partners and customers that business will go as usual and they see no negative effects either way. In the world of business, PSI-Pay Ltd has been staying a step ahead of the market. PSI-Pay Ltd has continued to grow because they have made progressive strides in new ideas in the world of business world. As well as, Psi-Pay Ltd convince customers that their business is the best place to do business.
PSI-Pay Info: www.duedil.com/company/gb/05899168/psi-pay-ltd