The UK appears to be all in on the contactless payment trend. Reportedly, more than half of the country’s total purchases are done so using credit cards. Physical currency is quickly becoming extinct. The partnership between PSI-Pay and Kerv Wearables further supports this belief. The two innovative companies have developed the world’s first contactless payment ring. A product both expect to one day dominate the market.
people will no longer have to worry about losing change and digging through their pockets. In fact, there won’t even be a need to memorize a pin number. The UK seems to be ahead of the rest of the world as it has already experienced a growing number of stores that accept contactless payments. There is no other payment method as fast or efficient.
Cash and coins are falling behind in use to cards of all sorts. This is a new wave that is expected to keep growing. The contactless ring Kerv has released are making traditional transactions obsolete. Contactless payment really began to pick up steam in the UK in 2015 and has continued upward.
There is no other company making a bigger impact in the contactless payment industry than PSI-Pay. PSI is a regulated contactless payment provider that focuses on providing a variety of payment methods to individuals all over the world.
PSI-Pay was founded more than a decade ago and has always provided its services to the worldwide market. What separates PSI from its competitors is its staff, which consists of experienced and skilled professionals with best backgrounds in alternative banking. Close to 200 nations use the services PSI provides.
More and more consumers will switch to contactless payments because they are so much easier to use than cash. This saves consumers time and energy. The contactless payment revolution is thriving and seemingly unstoppable.