In the UK no trend in the tech world is receiving more attention than contactless payments. Contactless payments entail any payment method that doesn’t use physical currency as a form of payment for goods and services. According to PSI-Pay, a contactless payment service provider, contactless payment is the future. It has the potential to greatly change banking as we know it. More than 50 percent of all purchases in Britain are made by using credit cards. This trend is both expected to continue and increase.
There are many benefits to using contactless payment methods. For instance, having to dig in your wallet or pocket for loose change can be a problem of the past. PSI-Pay has partnered with Kerv Wearables to create the world’s first contactless payment ring. With more and more stores in the UK and the world becoming more receptive toward contactless payments the ring may become the fastest way to check out with a device that’s already on your hand. The ring is stylish and comfortable coming in a variety of sizes. It is also very durable as it is resilient to water and scratches. The two companies made the ring to look like a simple accessory until it is time to make a transaction.
PSI-Pay is the company leading the contactless payment revolution. The company is a global provider of contactless payment services. It partnership with Kerv Wearables positions it to solidify its spot at the top of the market. PSI-Pay’s employee base consists of many skilled and experienced professionals that specialize in alternative banking.
For those still skeptical of contactless payments there’s really nothing more to say. As time goes by consumers will continue to choose to use contactless payments because it is more efficient. Instead of counting cash or checking a credit card the user needs to just touch his contactless card or ring against the reader to complete a transaction.