Payments disrupter PaySend launches innovative Money Request service
The way consumers request and receive payments from each other is changing, thanks to payments disrupter PaySend.
The business’s new innovative service will allow users to request money transfers using just the sender’s phone number, and will allow the transfer to be directed to any card provided by the recipient.
With the new service the family or friend of a PaySend customer overseas can ask them to send some money to their card, and after receiving a request the PaySend customer can send the requested amount directly to a recipient’s Visa, MasterCard or UnionPay card.
Ronald Millar, CEO of PaySend, said: “We are excited to launch this innovative product and offer even more choice for our customers so they stay connected wherever they are. In many cases people in the developing economies depend on their friends and relatives working abroad so now they can always reach out to them when they find themselves a bit short of money. The only thing they need to provide is a sender’s mobile number and PaySend’s unique money transfer platform makes sure they get the money they need.”
As PaySend is the only global card-to-card money transfer network, consumers benefit from the business’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.
The service is available to any registered customer via the company’s website or mobile app.
Ronald added: “We are building a global Fintech brand and our partnership with major card schemes allows us to deliver money using Visa and MasterCard in a fast, simple and secure way. 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 customers both in Europe and overseas an unrivalled convenience and peace of mind”.
ENDS
Notes to editors:
PaySend’s rapidly growing business now operates in more than 60 countries and allows consumers to send funds from Europe to any card overseas at a fixed low price without any hidden fees or charges.
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. All ‘transactions’ and ‘data’ are secured at the highest PCI DSS level 1 standards.