Paysend doubles in size since start of pandemic to 3 million customers
• Global money transfer Fintech accelerates its journey by helping expats stay connected with their loved ones overseas during pandemic.
London, January 24th 2021
UK-based FinTech Paysend today announced its arrival at the 3 million customer milestone, doubling in size since the start of the pandemic in March 2020. Started in April 2017 as a next generation money transfer service, thanks to its unique card to card technology, Paysend’s growth has become greatly accelerated since the start of the coronavirus pandemic in March and has seen its customer base grow from 1.5 million to 3 million users.
“At Paysend we share the vision of creating money for the future, and we do this with unique technology, a global network of partners, and an international team of FinTech experts,” Ronnie Millar, CEO of Paysend said. “The world is facing huge challenges at the moment, and we believe that digital money can help solve many of these issues. We are digital explorers, always looking to find new ways to connect people through technology.”
Paysend helps customers to send money from 48 to more than 90 countries worldwide and is constantly adding new transfer corridors to its platform, as well as opening up in key sending locations. 2020 saw Paysend’s money transfer service launch in key markets including the US, Canada and Australia.
Mr Millar added: “We’re working towards achieving total global coverage, so that we can connect all people around the world with their loved ones, wherever they are. Our mission is to make digital money instant, borderless and affordable for everyone, servicing millions all over the world.”
As Paysend’s user base grows, so does its team, with 87 new employees joining in 2020, and many new roles being actively recruited with the vision to build a global talent pool of passionate FinTech explorers.
“I’d like to thank each and every member of our team for working hard every day to connect families and communities around the world who are separated by travel bans and lockdown restrictions,” Mr Millar added. “We’re on a fantastic journey, and it’s a pleasure to be sharing it with so many talented people.”
Paysend is one of the fastest growing global Fintech company born in 2017, based in UK and regulated by the FCA. Servicing over 3 million customers in 45+ countries and multiple currencies, Paysend enables instant cross-border transfers, card processing and merchant acquiring as well as local payments in a way which is simple, smart and secure.
As a global end-to-end integrated payment ecosystem Paysend has its own global network of banks, international and local payment systems, and has partnerships with the major international card networks Visa, Mastercard and China Union Pay as a principal member and certified processor. Paysend recently opened its US and Canada operations and secured a partnership with Alipay in China in order to grow its global footprint.
Paysend is money for the future.