Paysend Announces Partnership With Meaningful Business for Purpose Led Activations

  • Payments
  • 02.03.2021 02:53 pm

Global FinTech Paysend today announced a strategic partnership with Meaningful Business at a global level.

Meaningful Business is a global community comprising some of the most progressive business leaders in the world, who share a vision to drive positive change by actively spearheading projects related to the 17 UN Sustainable Development Goals (SDGs).

The partnership, which begins in March 2021, will see Paysend and Meaningful Business create and deploy leadership and education initiatives as well as activations on the ground to promote quality education in emerging markets.

Paysend has reached the milestone of 3 million customers, having experienced hypergrowth from the beginning of the global pandemic. Paysend’s digital money solutions have come to the aid of people around the world needing safe, secure, fast and low-cost ways to manage their money in times of lockdown and travel bans.

Because education is the third destination pillar for money transfers after food and shelter, it is very much linked to the efficiency of money transfer. Given that the average cost of traditional transfers is up to 7%, Paysend can grand a huge saving with its limited cost which is often below 2%. Out of $600BN of transfer worldwide that means an additional $25BN can be designated to activities on the ground that support education.

“Our partnership with Meaningful Business will help Paysend boost its communication power in the area of purpose led activities, as we want to support education projects in emerging markets,” Alberto Macciani, CMO at Paysend said. “We will be working with Mastercard on exciting marketing campaigns to educate people about the value of digital money in terms of saving time and money to serve the needs of millions around the world through better education”.

Speaking about the partnership, Tom Lytton-Dickie, Founder and CEO at Meaningful Business, said, “We are delighted to partner with Paysend to support increased focus on education in developing markets. This partnership highlights the impact the fintech sector can have on bridging education inequalities faced by young people around the world, and various ways in which the efficiency of digital money can help bridge that gap.”

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