PSI LIMITED (PAYMENT SOLUTIONS INTERNATIONAL LIMITED) is a public company incorporated under the laws of the republic of South Africa with an issued share capital of 100 000 000 no par value ordinary shares and 1000 000 000 Preference Shares. FinTech powering the Future of Fair Lending in Emerging Market Economies.
PSI has developed proprietary financial technology software-as-a-service funds that include the real-time PSI Affordability and Deduction Management Platform (ADMP), PSI Loan Administration Platform (LAP) and PSI Loan Investment product (PSII). ADMP ensures that consumers cannot become overindebted as all loans and deductions are processed and updated in real-time on the ADMP software platform.
ADMP’s rules engine protects consumers against becoming overextended and ensures the lenders risk is significantly reduced, as the ADMP manages the payroll deduction, the flow of funds & ensures compliance with credit extension rules & legislation for each employer and jurisdiction.
PSI contracts with government & large corporate employers to process payroll deductions in real-time, from the initial loan application to reserving the deduction on the payroll and eventual collection of the deduction from the employer.
PSI provides technology, systems and services to streamline & manage the administration of millions of payroll deduction transactions monthly, ensuring seamless & ethically enforced payroll deductions for over 180,000 civil society and corporate employees in sub-Saharan emerging markets and in the process mitigating the collection risk associated with unsecured lending resulting in a reduction in the cost of lending and so advancing PSI’s vision and corporate philosophy of total financial inclusivity.
The ADMP system is proven, has been in-market for six years in countries including Uganda, Botswana, Malawi & South Africa and is earmarked for expansion to further developing markets around the globe. Financial Institutions such as Barclays, Old Mutual, Select Financial Services, Getbucks, Vanguard Life Assurance, Blue Financial Services, Letshego, Bayport, Centenary Bank, Equity Bank, KCB Bank, DFCU Bank, Standard Chartered Bank, Stanbic Bank, Global Trust Bank, Housing Finance Bank, Crane Bank, Sanlam Life Insurance etc have been making use of the ADMP with remarkable success.
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