The world of technology is evolving by the minute. Time is gone when people had to physically travel to banks in distant places to access their money. Digital wallets are the latest disruptive technology that is taking the financial world by storm. Banks have either had to cope by partnering with companies that offer digital wallet payment services or start their own similar services. PSI Pay is yet another Digital Wallet that seeks to satisfy online cash transaction needs. Typical of a business that seeks to carve a special niche on the market, PSI Pay comes in with a tweaked service that offers a uniform cross -country payments.
What Are Digital Wallets, and What Is Online Payment All About?
Digital wallets are just what they are called. They are accounts that allow users to access cash with ease and transact online. Digital wallets work differently in different countries. The common denominator is that a digital wallet helps users to conduct transactions across online payment systems fast and without the risk that other online payments involve. So, they are wallets because they hold cash that can be accessed at the press of a button, just like one would reach into the traditional leather folder that has been used to keep money while on transit over the years. In essence, a digital wallet has called people to replace the traditional leather money folders with mobile devices. PSI Pay is a UK-regulated financial technology company. It offers online payment
services to international clients. The company is partnering with Kerv Wearables to develop a payment ring that does not require contact to effect payments. Details of the technology reveal that the partnership will make use of the MasterCard License secured by PSI to allow the Kerv users to use the contactless payment ring to effect payments across a whopping 38 million locations across the globe. The users from Kerv will fill their accounts using either their debit, credit card, PayPal, or bank transfer through either the auto top-up method or manually. The deal is hailed by many online payment enthusiasts as a major revolution that will drive digital wallet effectiveness to new heights.
Advantages of Digital wallets
Digital wallets, like PSI-Pay’s ecoCard, are handy tools. You can access them with ease wherever you are. They also offer enhanced security. They come with strong security features that make it hard for fraudsters to access cash that belongs to others. Furthermore, with digital wallets such as PSI Pay, one does not have to carry around numerous cards. They ease the baggage and enhance security.
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The banquet hall was full. People who had worked in the business over the last few decades came to celebrate and honor the life of Louis Chenevert. He was the chief executive officer of United Technologies Corporation and it was only because of his hard work and his wisdom that the company is thriving today.
After enjoying the champagne and the hors d’oeuvres he returned to his corner office on the top floor and began to reflect on how the United Technologies Corporation became so successful. It is true that he was a wise chief executive officer and he knew his plan going in, but it was in the reflection that he realized just how strategic his ideas were.
The great recession nearly destroyed the United Technologies Corporation. When he was called to become CEO the stock price was tanking and falling by the second. He knew that something had to be done if this once great aerospace manufacturer was to survive.
The first thing he did was create extra income revenues that would help his company stay afloat. He worked with Pratt & Whitney to take their military contracts and worked with Otis to take over their corporate infrastructure contracts. Perhaps the most eyebrow raising was when he acquired the business Otis for a grand sum of $16 billion. Many people did not think that was a wise move during a time when businesses were struggling to stay together. However he knew that by diversifying in this way UTC would be able to not only survive, the company would be able to thrive.
The second thing he did was decrease the exuberant spending existed in the company. He saved his company $15 million a year just by transporting goods between his factories.
The third thing he did was regulate his company to abide by environmental law. This alone gave his company contracts that otherwise would have been out of reach.
Now retired from United Technologies Corporation, he works as a consultant for Goldman Sachs. He brings much to the table and is placed in the executive banking division.
In order to become a successful entrepreneur, one must be able to follow the paths of the people that come before them. In the tech field, there are very few entrepreneurs that are doing what Jason Hope is doing. Jason Hope is a graduate of Arizona State University who has been working in the tech field for several years now. Hope made his impact as the founder of the mobile communication company Jawa. Jawa has been such a success that Hope has managed to focus more and more on expanding his scope and pushing the Internet of Things into the public spotlight.
Look around your house at all of the devices that are attached to the internet. Now, consider a world where all of your local devices have an internet connection. The Internet of Things is an umbrella term that refers to the way that all of this technology interacts improves our lives through efficiency and functionality. Right now the IoT is confused often with smart technology and that is beholden mostly to the entertainment industry. Hope wants to make sure people realize that the IoT can be used as a life changing technology.
The way that Hope believes the Internet of Things will be changing lives is simple: he thinks that it is a technology that will be embraced by every level of our every-day life. From emergency response vehicles like fire engines and ambulances to taxis and waste disposal, the IoT can improve the efficiency of everything we do. Time will be wasted less. Materials will be wasted less and our lives will get easier as a result. Hope doesn’t want the IoT to be confused with a gimmick and he is actively imploring companies to start getting involved sooner than later.
Right now outside of the Internet of Things Hope is focused largely on working with other enterprising young entrepreneurs in order to take their ideas to the next level. Hope says, “I take in business ideas through my official website and I cherry-pick the most interesting ideas that I see.” Hope goes on to explain, “The future of the technology industry depends on the great ideas that our young aspiring entrepreneurs come up with.” Hope is currently giving out small grants to the ideas that he deems have the most potential and entrepreneurs are pushed to consider working together with Hope to get their concepts up and off of the ground.
Read More: www.crunchbase.com/person/jason-hope#/entity
Jason Hope holds dearly that education is what can save the community from its troubles. He grew up in Tempe, Arizona and later went to Arizona State University for his degree in finance. Then Jason acquired MBA at the ASU’s W.P. Carey Business School. He occasionally engages himself in support of community education programs and duly gives to the less fortunate within the community.
He is an entrepreneur and technology guru, and through the year he has accomplished much in the industry to earn him a place within the determined futurists. He believes in the IoT invention and sees it as a solution to many modern enterprises. Modernly most businesses are more curious about efficiency and productivity, and the IoT would provide just the solution needed.
It may face some critics within the industry, but that is safe for its growth and durability. Jason Hope believes that it’s a billion dollar idea yet to get unveiled to the world. Characteristically Jason hope is prudent and patient, and a careful look at the connection of IoT shows it increased significantly, hence proving that the IoT project is not going to diminish.
He gives massive support to scientific approaches within the community and also supports the education programs. Notably, he involved himself in the eradication of diseases with potentially harm humans. A good example is the Alzheimer in which he contributed up to $500000 for its elimination process.
Through the support he gave to SENS, the company now with state of the art equipment’s for research can isolate the tissue glycation end product in the Alzheimer case. Through the time spent in innovative technology, he provides backup to research giving the courage to deliver the best results for the community.
He is a philanthropist who loves his country and the people he gives cheerfully and shares with the less fortunate within the community. To ensure that the community is self-dependent, he provides grants to the young entrepreneurs and student to fund their business ideas.
Learn More: en.wikipedia.org/wiki/SENS_Research_Foundation