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

Only a day to the 7th Remittance & Payment Expo, Lagos – Nigeria!

With only a day to the 7th Remittance and payment Expo (www.RemittanceAfrica.com) holding from Tuesday 23rd... Read more »

Finastra Offers Immediate Payments Capabilities in the Cloud for Small and Mid-sized Banks

Today at Sibos and Money 2020, Finastra revealed its instant payments offering in... Read more »

Fingerprints enables Société Générale to test limitless contactless with IDEMIA

Société Générale has announced France’s first... Read more »

SWIFT Launches New Service to Block Suspicious Payments

SWIFT today announces the introduction of Payment Controls, an intelligent new in-network solution to combat fraudulent payments, and to help strengthen its customers’ existing... Read more »

ACCUITY TRANSFORMS BANKERS ALMANAC TO ACCELERATE AND IMPROVE RISK INSIGHTS, AND REDUCE COST OF COUNTERPARTY KYC

Accuity, the global provider of financial crime compliance, payments and Know Your Customer (KYC) solutions, has announced a multi-year transformation programme to enhance its... Read more »

Instant cross-border SWIFT gpi payments test a success

SWIFT announces successful test results of its new instant cross-border payments proof of concept, involving banks in China, Singapore, Thailand and Australia.
The trial... Read more »

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