Why PSI Pay and Western Union partnership is revolutionary

Over the years, money transfer (both digital and physical realities) has been partly inefficient due to lack of proper system. Fortunately, the collaboration of some of the most effective financial bodies, PSI Pay and the legendary Western Union will change the scope of money transfer. The union will change the reality of sending money (or payments) across borders.

The partnership will offer the clients with more flexibility and efficiency. Since the two platforms have (one of the best) systems, the partnership is beneficial to clients who want a faster way of making payments through different geographical locations and more specifically through different currencies. Western Union, for example, has been efficient in receiving and sending money in more than two hundred countries around the globe. It has huge connections with different banks around the world. On the other hand, PSI Pay has revolutionized how people make payments. With the two entities coming together, efficiency is not a farfetched notion.

The partnership between the two large entities gives the users undisputable assurance of security. One of the major concerns in the money transfer is determined how safe a specific system is to others. Fortunately, transferring money from Western Union to PSI Pay is not only efficient but also reliable. Western Union has a record of security, and this paints the perfect picture of how safe the typical system user is under this partnership.

The partnership between the two institutions is timely due to the following reason. According to different researches in the past years, there is a relatively higher number of clients (over 29%) relying on the services of institutions such as PSI-Pay. Bringing the efficiency and the capacity of Western Union to PSI Pay brings an excellent (and disruptive) advancement to the 29% retail world.

Traditionally, Western Union only engages banks around the world in transactions and sending money. The partnership with PSI Pay not only gives the money world a new direction but also shows the trust Western Union has in innovative institutions such as PSI Pay.

The mode of operation in this partnership is heavily dependent on e-money. With the popularity of cryptocurrency, e-money should not be termed as the same. There are many reasons why e-money is different from cryptocurrency. The relevant UK financial authority regulates the PSI Pay system of payment. This regulation protects the typical client from the unpredictability of the cryptocurrency. E-money is also one of the safest modes of transferring payments around the globe.





Offering Tailor-Made Financial Solutions to Its Clients

NexBank Capital Inc. provides services to their clients through three core businesses; Commercial Banking, Mortgage Banking and Institutionalized services. Customized financial and banking services are tailor-made for institutions, corporate companies as well as financial institutions. The CEO and President of NexBank Capital Inc. was a panelist at the Texas Bankers Association 5th Annual Strategic Opportunities and M&A Conference, which was held in New Orleans, Louisiana. Mr. Holt gave a talk on the topic of Reinventing Community Banking: Perspectives on Competing by Innovation.

The annual conference

The Annual Strategic Opportunities and M&A Conference invited leaders in the banking industry together with consultants and advisors to deliberate on views and different issues affecting community banking while identifying opportunities and challenges in the sector. The panelists use M&A activities, organic growth and branching to explore tactical opportunities in community banking. NexBank Capital works with a team of professionals whose main guiding principles are timeliness, reliability, and quality in execution. Through Commercial Banking, you can access credit services, commercial loans, real estate lending as well as agency services and treasury management. NexBank also partners with financial institutions to build a stronger financial market presence by helping them maximize their earnings and improving efficiency.

NexBank also assists clients to access their mortgage loans more efficiently by providing new and additional warehouse lines. Based on the current market needs, you will access personalized services with quick and flexible funding tailor-made for you. There are also customized services available for Financial Institutions tailored for their growth and expansion. NexBank provides strong partnership for those already in the money market by servicing treasury management, investment banking, public funds deposits, and providing advisory on real estate development.

About NexBank

NexBank also offers individual financial solutions for savings and credit as well as online banking solutions for its clients. NexBank Capital Inc. was founded in 1934 with its headquarters in Dallas, Texas. NexBank has 87 employees in three different locations and is currently ranked as the 152nd largest bank Nation-wide. NexBank has an A rating and its money market rates are presently at 4x on a national average.