Western Union + PSI Pay = Joy For United Kingdom Residents

For the longest time, only financial institutions – a drawn-out term that essentially equates to banks – offered financial services to consumers. In order to get a debit card, for example, people had to consult banks like Wells Fargo and Regions. People couldn’t schedule bill payments without having a checking account. In short, consumers couldn’t do anything other than use cash if they wanted to seek out consumer-level financial services to make their lives easier and wallets fatter.

 

Today, the financial services industry is full of players that are not considered financial institutions. Take, for example, PayPal. In the past, sites like eBay used PayPal to secure payments from customers and pay sellers of such goods. Today, PayPal offers customers prepaid debit cards for a charge of only $4.95 per month; many people prefer PayPal prepaid debit cards because they can’t be overdrawn like checking accounts at traditional banks – those mistakes cost upwards of $30 at almost all banks across the United States.

 

Consumers in the United Kingdom now can use Western Union to top up digital wallet balances

 

Digital wallets are a relatively new concept. People put electronic money in them as opposed to cold, hard cash. Electronic money is nothing more than when an entity like PSI Pay accepts a payment from a customer to add money to her ecoPayz digital wallet. PSI-Pay keeps the physical money – let’s say that amount is $100 – and then adds slightly less than $100 onto the account of that customer. The remainder of the $100 is retained by PSI Pay as a fee for the services it provides.

 

Last month, Western Union made available to consumers throughout the United Kingdom the ability to add money to their PSI Pay digital wallets through digital means. Until this point, people in the United Kingdom could use Western Union’s full line of traditional services, though they could not transfer money using Western Union’s website, its mobile app, the official ecoPayz app, or through any other digital means.

 

ecoPayz is part of PSI Pay’s network of digital wallets. Now, ecoPayz account holders can send money throughout the world via Western Union. Such integrations didn’t take so long to come about because Western Union and other financial services providers outside of financial institutions weren’t willing to provide them; rather, no digital payment servicer was able to fund such an integration with Western Union.

 

 

 

https://www.zoominfo.com/c/psi-pay-ltd/347918387

Western Union Expands with PSI Pay and Offers More Options to Move Currency

Western Union has become the standard over the years for helping people get money to family and friends quickly. It has always been known as the company that people go to when someone is in urgent need of money right away. The recent connection to PSI pay is going to make Western Union even better when it comes to quick money transfers from one party to another. This is a further expansion of the e-wallet concept, and now that Western Union is connecting with PSI pay, a United Kingdom base currency company, it appears that even more possibilities for a faster transaction will exist.

 

With PSI pay there is a change in the way that business is done. This is an exchange company where money is handled from one party to another on a global level. This is what makes this e-money concept so important. There are different currency exchange rates that have to be taken into consideration, but with PSI pay all of this is automatically done behind the scenes. People are gaining confidence in a company such as this because it speaks to this new generation that typically does not even use money in a physical form.

 

So many people have credit cards, and now Bitcoins are becoming prevalent. PayPal and a plethora of other services have also presented ways for money to be transferred from one party to another. All of this makes it easy for anyone that may have been trying to create an atmosphere where getting money from one person to another was not so complicated. This is what Western Union has always been about, and now this Global Connection is expanding possibilities for Western Union to gain even more customers.

 

In this age of change, it is all about staying current when it comes to processing payments. It can be rather difficult for any organization to stay relevant if the company is not changing with the times. Executives that are in place for Western Union realized just how important a change in the way that business was done could be for improving the business model.

 

 

https://www.linkedin.com/company/psi-pay-ltd

What Anil Chaturvedi says about investment.

Anil Chaturvedi attained a B.A Honors in Economics in Meerut University in India in the year 1971 and after two years M.B.A at Delhi School of Economics at Delhi University. He has professionalism as a banker and has worked with several companies in different positions. Anil is currently the Managing Director of Hinduja Bank in Switzerland where he has worked for more than six years.

Chaturvedi started his career in 1987 as a manager in the development and planning sector in State Bank of India. He was in charge of marketing activities for Indians who had no legal authority to live in the USA. As a result of his effort on this department for not more than four years, many businesses had emerged. Afterwards, in the year 1991, he becomes the ANZ Grindlays Bank’s vice president and senior representative for US Operations. This bank was in New York, and he actively enhanced that the bank ran by a profitable model attributed to his leadership skills and the methodology of bank operations.

Anil worked with BMOL a private banker as the managing director for almost 18 years. While working in this bank, he was in the category of advisors in the wealth management company. In the process, he opened up an independent organization by the name The Kiran and Anil Chaturvedi Foundation Inc. which in May 2006, become tax exempt.

Addressing a panel on Investment Opportunities for European businesses in India, Chaturvedi highlighted some aspects as to why India was a market to be concentrated at by anyone. He quoted that Indian companies generated income of between 15-20% while that generated by Europe was 3-4% thus vital factor towards investing in India. He also added that Indian currency was among the top five leading countries leading Germany, Italy, France and Uk. The Indian rupee has got no tendency of collapsing as compared to others such as Brazil. And hence economically stable. Other concerns of the bank are on renewable energy projects, power shortage and pollution, said the manager.

Chaturvedi is concerned with bridging the gap between Europe and India by transferring technology from Europe to India and making European companies more profitable. As a legal advisor on projects to invest on, Anil says there is no risk in investing on foreign countries as long as you understand the culture.

http://positivethefacts.com/2018/06/one-person-can-make-difference-anil-chaturvedi/