Business boost for Paysend as over 15,000 business accounts reached during Covid-19

• FinTech firm sees surge in business registrations during coronavirus pandemic

• Paysend Connect platform reaches 1.6 million transactions per month

London, 4th June: Paysend Connect, the B2B arm of global FinTech Paysend, today announced that it has reached the milestone of 15,000 customers and has processed a record of over 1.6 million transactions in a single month.

The period of the coronavirus lockdown has seen many companies suffer financially, leading to the implementation of cost-cutting measures wherever possible. Financial service providers such as Paysend, who claim to offer cheaper solutions when compared to incumbent providers such as traditional banks and forex providers, have seen a spike in popularity in recent months as a result.

“It’s extremely relevant for an integrated digital FinTech like Paysend to have a strong B2B platform,” Ronnie Millar, Paysend CEO said. “Providing flexible and affordable financial services for small merchants helps them to ignite growth and build their business into something formidable. By focusing on economies of scale, and championing efficient, integrated technology, we are able to become a driving force for small businesses that want to operate globally.”

Offering merchant acquiring, payroll services and international payments, Paysend Connect is an integrated solution for businesses wanting to avoid juggernauts of the banking industry and focus on nimble money management.

“By embracing partnerships at a strategic level and providing a model that is perfectly designed for small businesses, we believe that the current growth of Paysend Connect is just the beginning,” Mr Millar added. “Paysend Connect is still in its very early stages as a service, and we hope to massively increase our influence and customer base as we roll out more features on the platform.”

Check out Paysend Connect website here: https://connect.paysend.com

About Paysend

Paysend is a global Fintech company born in 2017, based in UK and authorized by the FCA. With more than 1.8 million customers operating in 45+ countries and delivering funds to over 90 countries and multiple currencies, Paysend enables near-instant cross border as well as local payments in a way which is simple and smart.

Paysend has its own global network of banks, international and local payment systems and partners with the major international card networks: Visa, Mastercard and China Union Pay as a principal member and certified processor. Paysend is money for the future.


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About PaySend

Paysend is a global Fintech company born in 2017, based in UK and authorized by the FCA. With more than 1.9 million customers operating in 45+ countries and delivering funds to over 90 countries and multiple currencies, Paysend enables near-instant cross border as well as local payments in a way which is simple and smart. Paysend has its own global network of banks, international and local payment systems and partners with the major international card networks: Visa, Mastercard and China Union Pay as a principal member and certified processor. Paysend is money for the future.


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