Paysend customer base triples in 6 months as the firm targets global payments revolution

Paysend customer base triples in 6 months as the firm targets global payments revolution
13.06.2018 12:30 pm

Paysend customer base triples in 6 months as the firm targets global payments revolution

Payments

Payments disruptor Paysend has tripled its customer base over the last 6 months, following its expansion into growing global markets.

The company now has over 150,000 customers across Europe, and operates in more than 60 countries.

Most recently a series of partnerships expanded the business to customers in the Middle East and Africa.

Ronald Millar, CEO of Paysend, said: “We are excited to reach this important milestone and see our customer base triple in the last 6 months. We are going from strength-to-strength and this is a clear vote of confidence from our customers who appreciate the convenience of sending money overseas at a fixed low price without any hidden fees or charges.”

Consumers are able to send funds from Europe to over 12 billion Visa, MasterCard or UnionPay cards across the Paysend network of countries.

They also benefit from Paysend’s ability to move funds, bypassing the traditional banking system and eliminating all the inefficiencies associated with a slow speed of delivery, high foreign exchange rates and correspondent banks’ fees. 

Ronald added: “We are building a global Fintech brand and our partnership with Visa, MasterCard, UnionPay and national card schemes allows us to deliver money in a fast, simple and secure way. All you have to do is to provide a recipient’s name and a 16-digit card number. Sending money from card-to-card is the new innovative way of sharing value across borders and Paysend is pioneering this space by bringing our consumers unrivalled convenience and peace of mind”. 

The service is available to any registered customer via the company’s website or mobile app. 

ENDS

For more information contact Ronald Millar, CEO of Paysend, by email - rmillar@paysend.com

You can also visit www.paysend.com for more information

About PaySend

PaySend is a Fintech company on a mission to change how money is moved around the world. We are the next generation money transfer platform, allowing customers to send money from card to card using our innovative technology. It is easy, fast, secure and we charge a fixed fee per transfer, delivering funds in local currency using the real exchange rate without any hidden fees or additional charges.

PaySend is a trading name of PaySend plc, registered in Scotland, United Kingdom. Company number 376020. Registered office: Cluny Court John Smith Business Park, Kirkcaldy, Fife, KY2 6QJ. PaySend plc is authorised and regulated by the Financial Conduct Authority, (FCA), Number 900004. PaySend is a registered ‘Visa Direct’ and ‘MasterCard MoneySend’ originating institution. All ‘transactions’ and ‘data’ are secured at the highest PCI DSS level 1 standards.

Related News

Contactless card PIN limits to increase temporarily to help reduce the risk of COVID-19 transmission

Australian Payments Network (AusPayNet), the self-regulatory body for the payments industry, confirmed today that the payment industry will be increasing the PIN limit for... Read more »

Mastercard enables higher contactless payments across Canada

 Mastercard announced it is enabling the increase of contactless payment limits across Canada, as people look... Read more »

Pannovate partners up with Salt Edge to deliver instant PSD2 compliance

Pannovate, UK’s leading payment and digital banking technology company, has partnered up with Salt Edge, leader in offering open banking and secure customer... Read more »

Xpring Now Supports Interledger STREAM

In December, we announced the launch of xpring.io, a developer site that includes a wallet, tools, services, and documentation... Read more »

COVID-19 Crisis Highlights Need for Real-Time and New Digital Payments Services Around the World, New ACI Worldwide Research Reveals

More than half a trillion real-time payments transactions will be processed over the next five years, according to Prime Time for Real-Time, a new global report from ... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel