Money transfer disruptor PaySend reaches 500,000 customers milestone, adds transfers to bank accounts
Payments disruptor Paysend continues its global expansion by reaching the 500,000 customers milestone and adding an option of sending money to bank accounts across its network.
The rapidly growing business now operates in more than 70 countries and now offers consumers an option of sending money to regular bank accounts in additions to card-to-card transfers to Visa or MasterCard and UnionPay.
Ronald Millar, CEO of PaySend, said: “We are delighted to be offering our consumers more choice when it comes to international money transfer and adding an option to direct a transfer to regular bank accounts in the emerging economies. The recipients in India, Russia, China, Philippines, Nigeria, Vietnam and Thailand will be able to receive money transfer directly to their regular bank accounts.”
Recipients’ bank accounts will be topped up in local currency, using the real exchange rate without any hidden commissions or charges. The transfers will be made available to any registered PaySend customer via the company’s website or mobile app.
Ronald added: “Our partnership with key banking partners in these markets 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 bank account number. Sending money directly to cards or to bank accounts 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. That’s why 500,000 customers already trust us to send their international money transfers around the world.”
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 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. All ‘transactions’ and ‘data’ are secured at the highest PCI DSS level 1 standards.