When a customer wants to make a payment, they normally have to go through a long process. They have to grab their wallet and hope they have the card they need or local cash if they are traveling. This is quite inconvenient. PSI Pay has made a system that will allow customers to make easy contactless payments. Their wallets are fully digital, so there is no need to worry about carrying some heavy thing around. By going fully digital, PSI Pay has made their customers’ lives easier and safer. There is no chance for someone to steal or lose a digital wallet.
The digital wallet produced by PSI Pay is a wearable ring. It is fully electronic. The ring was made by Kerv Wearables. It is sleek and stylish, so it looks like a normal piece of jewelry. The ring does not need to be charged, and it does not need to have its battery changed. The power source is complete renewable. It gets its power from the electromagnetic waves emitted from the POS station at the merchant of your choice. When you are ready to make a purchase, just place the ring near the contactless payment processing pad, and the transaction will go through immediately. The purchase limit is set at 30 dollars, but exceptions can be made with a quick phone call.
PSI Pay is certified safe from MasterCard. They have gone through all of the safety protocols to ensure the rings are ready for consumer use. They are electronically secured through strong encryption, and the rings are constructed out of a material that is stronger than steel. They will not break under pressure. The rings are not going to aggravate any allergies you may have, and they look good with anything.
The wallet system that PSI Pay uses for their contactless payment rings is the European wallet. The digital wallet acts as a store of value for the funds in any country. When a customer deposits funds into the wallet, it is like they are purchasing E currency. The currency can be exchanged for the local currency immediately when the customer wants to make a purchase. In contrast, the American wallet is a system whereby the wallet holds a single type of fund, and is used as the method of payment. This model creates a single stream from customer to merchant. There is no intermediary to prevent unnecessary charge backs. The European model prevents this.
Follow PSI Pay on Twitter: