PSI-Pay: Taking Contactless Pay to the Next Level

Decades ago, the thought of having paperless cash was unfathomable. Gradually, the society has been embracing this idea, and it is time to call a spade a spade. The future of paper cash is bleak and behold the new thing in town is contactless pay. According to the Federal Reserve Bank of San Francisco, in 2015 cash payments was still the most preferred mode of payment and it accounted for 32 % of all transaction. At a close second was the debit card with an estimated use of 27 % of all transactions. Lastly, credit cards accounted for 21 % of all transactions.

 

With the number of cash and card payments dwindling, people are starting to join contactless payment bandwagon. PSI is a company that has challenged the societal concept of using paper cash. Their concept involves the use of a ring which is a combination of debit and credit card system. The ring is designed to create a comfy feeling while being waterproof and also damage proof. To capture each individual, they have developed 12 unisex rings which are made of different sizes.

 

The current global system has been experiencing some shortcomings when it comes to maintaining a client’s security. As every year ends most financial institutions add a layer of security which seems to bring havoc to the industry instead of creating a haven for financial transactions. For instance, in 2017, it is estimated that over 2.5 billion payment records were either compromised or stolen. This was a subsequent increase from 2016 which had 0.3 billion documents stolen.

 

The benefit of having PSI pay is that your financial records are safe. They combine data from your previous transactions while checking your financial trends. They also have some of the brightest minds who keep a close look in your financial transactions, and if they suspect an unusual transaction, they will flag it for further security measures. Additionally, they involve the use of third-party companies that help them verify your account. With their revolutionary security system, you can transact efficiently without fear of being compromised.

 

 

 

 

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Guilherme Paulus builds the largest tour company in Brazil alone

Running a business successfully is one of the things that many people would love to do. However, it is not the easiest of the tasks that one can accomplish. To run a profitable business can be expensive and challenging. To make it in business, one needs to build the right frame of mind that will allow them to make it in the industry. It is interesting to note that there is a lot that one can accomplish by staying true to one industry. When you focus on one industry, you have better opportunities of addressing the needs of the customers in that industry appropriately.

One business person in Brazil has seen the fruits of focusing on one industry. Guilherme Paulus is now one of the wealthiest people in Brazil. His net worth is $1.1 billion. Through the activities he has carried out in the tourism sector, he has built the largest tour company in the country. He is also focusing on the growth of the industry in order to bring as many tourists as possible in Brazil. Guilherme started CVC tour company in 1972 aged 24 years. Although he had partnered with a Brazilian politician, the latter left the company after four years. Guilherme Paulus was left in charge of the company. From then, the direction the company was to make was his sole responsibility.

Guilherme Paulus did not disappoint even after being left alone. He worked extra hard and placed the company in a position of a leader in the tourism sector. Over the years, he built this company and made sure that it was involved in activities that could change the cause of tourism in Brazil. Looking at how much he has accomplished, there is no doubt that this company is the best in the region. It is now a publicly traded company with annual revenue of over $5 billion.

Guilherme Paulus has over the years improved the company’s operations. Every year, the company is adding new stores around malls in Brazil. The stores are meant to help Brazilians and tourist to access better services. Every year, he is adding 100 stores.