The alternative to banking


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 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 organisations. He is also a Non-Executive Director of the industry representative body PIF (Prepaid International Forum).

Alan Stubbs

Head of Compliance and Risk

Alan joined PSI-Pay in July 2011 as compliance manager and was given the additional role of MLRO later that year. Having previously held senior financial management positions for industry peers such as Neteller and Vincento Payment Solutions, and also having provided consultancy services for PSI- Pay, Alan brings a welcome depth of knowledge to the business.

Alan’s career has a strong financial and compliance foundation having worked in accounting practice for many years, where he gained insight into a broad range of business types and compliance areas, before he moved in to industry where he applied his financial knowledge to roles including specialist positions such as VAT Compliance Advisor for Reed Business Information and Project Oversight for Fisher Chemicals.

Alan moved his focus on to the newly emerging electronic money industry in 2003 when he joined the start-up team of Neteller UK as Financial Controller and he has since achieved notable success in working with new and established businesses in the payment services sector in both managerial and advisory capacities. 

Subscribe to our eNewsletter

Please enter your email address to be kept up to date

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.