PSI Pay – Leading Payment Industry Innovation in the UK

Cash was the first widely-accepted payment method. Credit cards, surprisingly, got their start in the 1950s, well before computers were easily available to businesses or consumers. The payment industry was left untouched for many years, with credit cards, debit cards, cash, and checks being the typical accepted payment methods. With online shopping and telephone orders came a whole new set of security protocols for the payments industry called PCI compliance. Now consumers have the ability to use their smartphones to pay, rather than having to dig through their wallets for a credit card, or even have their wallet on them at all. The payments industry is constantly changing, and one UK – a based financial solution is at the forefront of these changes.


For PSI-Pay, a UK payment solutions provider, one of the key challenges in payments industry innovation is regulations. PSI-Pay must remain compliant, but this can be difficult when current regulations do not apply to things such as paying with a smartphone. This can bring up discrepancies in the regulations. The company has faced some difficulties in the past, but have recently hired a new managing director – Phil Davies. Phil sees that the financial regulations are continuing to get more and more strict, but he embraces it. Phil sees this as an opportunity to strive to be better and more accurate with their work.


PSI-Pay and other payments industry companies are constantly innovating. More and more wearable tech devices are coming out, and it may not be long before a majority of consumers are using wearables. However, when considering using these devices for payments, keep in mind that this is a sector with a lot of regulations that are constantly changing. It is possible that a device could have payment capabilities and then all of a sudden lose them. Certain banks might not work with certain devices. All in all, consumers should look out for some bugs along the way when it comes to changes in the payments industry.

Paul Mamapilly, Investment Guru and Editor of Profits Unlimited

Paul Mamapilly is an American investor and former hedge fund manager who is the author of the investment research and advisory program Profits Unlimited. Profits Unlimited is a subscription-based program based on Mr. Mamapilly’s innovative style of investing, which helped him to win the Templeton Foundation investment competition earlier in his career. Profits Unlimited gives subscribers access to his model portfolio, and also provides them with weekly updates and trade alerts to help investors make significant profits.

As a member of Banyan Hill Publishing, Paul Mamapilly is the senior editor of Profits Unlimited as well as two other trading programs, Extreme Fortunes and True Momentum. Mr. Mamapilly also writes a weekly column for Banyan’s newsletter, which is titled “Winning Investor Daily.” Prior to joining Banyan Hill, he worked on Wall Street for over twenty years, serving with major clients such as ING, Deutsche Bank and Kinetics International. Learn more about Paul on

In 2003, Paul Mamapilly founded the Capuchin Group, also known as Capuchinomics, a published research service that was focused on behavioral finance. The publication was widely read, but discontinued in August of 2006, when Mr. Paul Mamapilly moved to Kinetics to serve as a Senior Portfolio Manager. He revived the Capuchin name in 2013 when he founded Capuchin Consulting, an investment consultation firm that offers unique, profitable strategies for investing. He continues to work at Capuchin Consulting in the present day while also writing and editing publications for Banyan Hill. Read more about Paul Mampilly at Ideamensch.

Paul Mamapilly was born in India, and he moved to the United States as a young man to look for work in the financial sector. He received his undergraduate education at Hunter College and NYU in New York City before studying at the Fordham Gabelli School of Business, where he received his MBA in 1997. His first position after receiving his MBA was as a research assistant for Deutsche Bank, but he rose quickly through the ranks to become an account manager for ING and Bankers Trust. Successful personal investments of his include Facebook, Whole Foods and Netflix, along with several prominent pharmaceutical companies.