FPse v0.11.83 for Android is released. FPse for Android is the fastest and most compatible PSone emulator for handheld devices. FPse support OpenGL via external Plugin.

FPse features the following:
-High performance
-High compatibility
-High sound quality
-Real-time save states
-Audio track emulation (using .cue files)
-Force-feedback
-Dynamically loadable Overlay Pads
-Guncon emulation
-Analog Stick emulation
-Compatible with G-Sensor, Touchscreen and Hardware keys
-Supports .img, .iso, .bin, .cue, .nrg , .mdf and .Z disc image formats
-Full Support for IcontrolPAD, BGP100,Zeemote
-OpenGL support via external plugin (see Update just below)

FPse v0.11.83 for Android Changelog:
FPse 0.11.83 changes:
- Fixed Onscreen Analog left sitck
- Fixed Xperia play onscreen pads
- Changed audio latency menu, and audio Latency calculation
It's now possible to tune it manually from MISC menu by entering value to have the best result.
FPse 0.11.82 changes:
- New Timing Fix, Driver2 restart game crash fixed as well as Team buddies
- New G-Sensor support. set from MISC menu
- Added support for ppf patch file
- Added start/stop option for MULTI buttons
- Added Cheats sharing option

Download: FPse v0.11.83 for Android
Source: Here