PSI-pay and Western Union partnership

Banking, Finance
Electronic money (e-money) is an electronic storage of monetary value that used for making transactions through electronic systems. The value of e-money is backed by fiat currency and can be exchanged into physical form. However, it is most efficient when used electronically. E-money can be used in the purchase of both hardware-based products and software-based products. E-money has gained much popularity due to its efficiency and security measures that are accompanied with it while making transactions. This currency can be stored in various accounts which include banks and digital wallets such as PayPal, square or even prepaid cards. PSI pay is UK based banking alternative company, founded in 2007, to help businesses manage their financial affairs. The company offers payment solutions...