Paysend Partners with Purpl to extend Money Transfer to Lebanon

Paysend (https://paysend.com), the UK-based fintech with over 7 million customers, today announces a commercial partnership with Purpl (https://purplme.com), the Lebanese remittance and cash out platform, enabling the 20 million Lebanese around the world to send money to their loved ones back home. Features such as low fixed fees on money transfers, competitive exchange rates, and the ability to receive instant international payments will change how communities in Lebanon manage their money internationally.

As more and more people around the world require fast, cheap and reliable services to help them send funds, Paysend continues to expand the reach of its network and the number of countries that its customers can send money to, in order to help them to stay connected and transfer money to their friends, family, and loved ones.

"We know that today the majority of Lebanese consumers' financial lifelines are the remittances they receive from their loved ones abroad, yet the costs of these remittances keep on increasing and the user experience keeps on deteriorating. We’re delighted to partner with Paysend, both providing broadscale global reach, instant transfers, and costs that are materially lower than we currently see," says Karl Naïm, co-founder and CEO at Purpl.

Alex Budyakov, Head of Enterprise and Network Partnerships at Paysend, said: “We’re excited to be partnering with an organization like Purpl whose objectives around financial inclusion and bringing money transfer services to those that need them most are so aligned to Paysend’s ambitions. Through this partnership Lebanese people all over the world will be able to connect and support their family, friends and loved ones through quicker, more affordable and more secure money transfers.”

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Notes to Editors

Image attached:
Alex Busyakov, Head of Enterprise and Network Partnerships at Paysend
Contacts: Paysend: Rupert Bedell. rbedell@paysend.com
Purpl: info@purplme.com
About Purpl
Purpl is the first remittance and cash out aggregator API layered platform allowing for ATM network integration and cardless withdrawal, with a first focus on the Lebanese market that is the most in need of such a solution given the importance, high cost and inefficiencies of the current remittance network. By utilizing Purpl’s unparalleled remittance network and fintech solution, consumers and eventually businesses can seamlessly send, receive, and spend at lower costs and better user experience.
For more information, please visit www.purplme.com

About Paysend
Paysend is a next-generation integrated global payment ecosystem, enabling consumers and businesses to pay and send money online anywhere, anyhow and in any currency. Paysend is UK-based and has global reach having been created in April 2017 with the clear mission to change how money is moved around the world. Paysend currently supports cross-network operability globally across Mastercard, Visa, China UnionPay and local ACH and payment schemes, providing over 40 payment methods for online SMEs.

Paysend can send money to over 170 countries worldwide and has attracted more than six million consumers to its platform. As a global end-to-end payment platform, Paysend has a global network of banks and international and local payment systems and has partnerships with the major international card networks Visa, Mastercard and China Union Pay as a principal members and certified processors.

For further information visit https://paysend.com.


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About Paysend

Paysend is a next generation integrated global payment ecosystem, enabling consumers and businesses to pay and send money online anywhere, anyhow and in any currency. Paysend is UK-based and has global reach having been created in April 2017 with the clear mission to change how money is moved around the world. Paysend currently supports a cross-network operability globally across Mastercard, Visa, China UnionPay and local ACH and payment schemes, providing over 40 payment methods for online SMEs. Paysend can send money to 135 countries worldwide and has attracted more than five million consumers to its platform. As a global end-to-end payment platform, Paysend has its own global network of banks and 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. For further information visit https://paysend.com.


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