PSI-Pay, a card-based payments solutions provider, has selected Saxo Payments Banking Marketplace to provide its clients fast and secure international transfers.
Under the partnership, Saxo Payments Banking Marketplace will deliver PSI-Pay with a platform to manage cross border payments in multiple currencies in a secure and compliant manner.
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Additionally, PSI-Pay’s merchants will be offered a Saxo Payments segregated IBAN account which enables them to make payments to their merchants (via a PSI-Pay digital wallet or prepaid card) as well as make onward payments.
Regulated by UK FCA, PSI-Pay is a principal member of MasterCard and provides electronic money accounts to their clients enabling them to make online payments.
PSI-Pay managing director Phil Davies said: "Saxo Payments has already demonstrated its genuine desire to work in partnership with us to our mutual benefit. We believe this partnership will help improve our workflow, decrease our overheads and improve our bottom line."
Saxo Payments CEO Anders la Cour said: "Our web-based banking platform allows businesses to handle transfers in real-time, at a fraction of the cost of traditional banking services, and in their own brand.
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By GlobalData"Through the Saxo Payments Banking Marketplace PSI-Pay can deliver a better proposition, saving time for its staff, while reducing costs on payments anywhere in the world for its customers."
