Kerv has teamed with PSI-Pay as it works towards bringing a contactless payment ring to market. The partnership utilises PSI-Pay’s MasterCard licence which will enable users of the ring, which recently won the Temenos Innovation Jam, to purchase items in 38 million locations worldwide. They will be able to fund their account via debit or credit card, bank transfer or PayPal, (no Bitcoin, however) either via a manual load, or auto top-up service. Online or in-app purchases will also be possible via a virtual card.

Phil Davies, Managing Director of PSI-Pay, says: “As alternative payments go Kerv has to be one of the most innovative, exciting and useful solutions available. There is no doubt that the market is now embracing these revolutionary payment applications and we are proud to be partnering with Kerv and being able to share in its inevitable success.”

Phil Campbell, Founder of Kerv, comments: “With numerous challenges to bring Kerv to market, it was important to work with partners that are responsive, open minded and capable of solving challenges. PSI-Pay have demonstrated that clearly through our work with them, and we would not be able to bring Kerv to market without their support.”

By Scott Thompson

by Scott Thompson
Scott is Senior Editor at IBS Intelligence. You can follow him on Twitter and contact him at: Scott.Thompson@ibsintelligence.com
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