Paysend, the Edinburgh-based fintech, launches Paysend Connect, a business account in collaboration with Crassula, an open banking software provider. The collaboration also enables businesses to provide fintech solutions to their customers.
Paysend Connect provides innovative technology to offer companies next-generation business banking and high-end embedded fintech services.
The new platform enables companies to open multi-currency business accounts, make SEPA/SWIFT transfers, issue corporate Mastercards with no purchase fees and process online payments.
Financial institutions and payment service providers can use Paysend Connect to launch further fintech services because of the open banking technology provided by Crassula.
Paysend Connect also enables telecoms companies, retailers, social networks and other businesses to embed white labelled fintech products, such payment accounts, to their platforms within days.
Ronald Millar, CEO of Paysend, said: “Paysend Connect removes the hassle and complexity for business owners wanting to open up a multi-currency business account. By supporting businesses to do this quickly and simply, we help them to focus on their commercial operations.”
Paysend is a leading UK-based fintech business that helps individuals and companies and to pay, hold and spend money across the globe. Its Global Transfers service allows seamless card to card transfers and now has more than one million customers worldwide.
Paysend is expanding its services to the corporate world through the collaboration with Crassula. Crassula helps businesses to create white labelled embedded banking, eCommerce, and other fintech products.
Paysend and Crassula will work together to make business banking more simple, convenient and cost effective for companies across the globe.