FPse v0.11.159 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 v0.11.159 for Android Changelog:
- Fixed audio plugins random click sound, it's much more clear now.
- By default Latency is set to 200, you can change it to higher or to lower value depending of your device.
- Less Latency mean better rendering, higher is for low end devices.
- Ideal Latency is less than 100ms

Download: FPse v0.11.159 for Android
Source: Here