Western Union has been integrated into the PSI Pay system, and they have become partners in the major eco-wallet revolution that has happened in Europe. There are many people in Europe who are changing over to systems like PSI Pay because they want to be free of traditional banks, traditional bank fees, and all the restrictions that banks want to put on their customers. Read more about how much more helpful these accounts can be now that they work with Western Union.
- The Original Courier
Western Union was one of the original couriers, and they have been a standard for sending money for ages. Their money order is still among the most popular financial products in the world, and they have an electronic system that now works with eco-wallet companies such as PSI Pay. The purpose of working with PSI Pay is to keep the customers who want to send money more easily.
- Direct Deposits
Direct deposits are made from the Western Union computer system to a company like PSI-Pay, and the company can immediately credit their customer’s account. This is a much faster way of sending money across borders, and the companies are hoping that they can be just as powerful as traditional banks in a few years. Their customers are changing over because it is easier to make payments, and they can keep large balances with no worry.
- How Does PSI Pay Work?
PSI-Pay works in an app where any customers can deposit or debit their own money. They can use a prepaid card, and they can check their balance on an app. This is a simpler way for someone to watch their money, and they only need the card and their phone to make payments. The cards are advanced, and the app is completely secure. This is a new way to bank that avoids all the troubles with big banks.
The PSI Pay difference is in how easy it is to use. The company has built a system that allows people to make payments with their prepaid card or to use the eco-wallet app to manage their money.