Each member of our management team has a long and successful track record in the internet payment sector.

Phil Davies

Managing Director

Joining PSI-Pay as an advisor in 2010 Phil was appointed to the board in June 2011. Prior to this, he spent eight years with Mastercard® Worldwide as Vice President-Business Development. There he was responsible for implementing new initiatives designed to encompass new products, technology and strategic partnership to stimulate growth in emerging markets throughout Europe. Forging long standing relationships, during this time, with leading banking and payments providers, technology partners and other major stakeholders has led to Phil being an acknowledged payments industry expert.

Phil is also currently heading his own advisory practice, Resource Services and sits on the board of Modern Finance and P&P Ratings.

Phil has had a successful, and diverse, career encompassing retail banking where he was Senior Manager and Head of TSB Groups B2B consumer finance division. Prior to that Phil held positions within Xerox Corporation culminating in Regional Manager - Middle East where he spent several years developing the acceptance of the Xerox brand.

Tony Davis

Finance Director

Qualifying as a Chartered Accountant in 1977 Tony has been involved at executive level with a variety of small, medium and large enterprises encompassing market research, sales/marketing and Information Technology.

From 1995 Tony held a number of senior financial roles within the Elcom group of companies and, in January 2002, he led a management buy-out from their American parent company to form Elcom Information Technology Limited. With Tony as MD as well as FD, he and three partners successfully ran the business for a period of four years, turning £5m of debt into £2m of equity, before successfully selling out to a group of private investors in January 2006.

Tony started his own professional accountancy practice, Wynngreen Consulting Limited, in 2007, providing bespoke financial direction for technology startups and growth companies in the service sector; he has also been a non-executive director at PSI-Pay Ltd since 2008. Tony has now taken over executive responsibility for the finance function as a precursor to the Group’s next phase of expansion.

Craig James


Craig is a highly experienced Financial Services Compliance/Regulatory specialist and MLRO having held Controlled Functions 1, 2, 10 and 11 for both UK and International Financial Services companies. He brings considerable business experience and knowledge, along with a full understanding of balancing risk management, regulation and performance.

He has a significant track record in e-money and payment services, including advising on the development and release of some of the largest pre-paid schemes in the UK and advising numerous non-UK pre-paid organizations. He is the Chairman of the industry representative body PIF (Prepaid International Forum).

PSI-Pay Ltd is authorised by the Financial Conduct Authority (FCA) under the Electronic Money Regulations 2011 (FCA register number 900011) for the issuing of electronic money.