Paysend to start an educational program about digital money

Paysend, a UK based Fintech has started the creation of an educational program to help customers improve their knowledge about digital money through a series of articles, blogs and videos.

One key issue that the world is experiencing these days is about personal safety in the usage of cash. Cash can play a big role in the movement of viruses from person-to-person, given the frequency that each note is used. In the UK, an average £20 can be used some 2328 times in its life- time.

The World Health Organization in a recent article cautions people about the potential threats of using cash as a carrier of potential health threats. Because of the frequent change in hands, paper bills can pick up all sorts of bacteria and viruses and help spread them around.

A 2017 study published by Plos One claimed that paper money carries bacteria, microbes from mouths, DNA from pets, drugs and viruses, meanwhile a 2002 study in the Southern Medical Journal suggested that pathogens existed on 94% or dollar bills, and that paper money can re- portedly transport a live flu virus for up to 17 days.

Paysend’s CEO Ronnie Millar said: “at Paysend we work to make digital money transfer so simple that anybody can use it. Our digital money transfer service allows people to send money to over 80 countries from their smartphone or computer in the most safe and effective way.”

“We are at the forefront of digital innovation and want to make it easy for people to manage their money - particularly in times of strife,” Mr Millar added. “That is why we are investing on educating people about the advantages of digital money for their daily financial needs.”

You can find here a link to the Paysend guide to sending money in times of virus.

https://paysend.com/en/blog/article-guide-to-sending-money-during-the-coronavirus-crisis#top

About Paysend

Paysend is a global Fintech company born in 2017, based in UK and regulated by FCA. Servicing more than 1.5 Million customers in over 80 countries and multiple currencies, Paysend enables in- stant 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

is partnering 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

ABOUT PAYSEND Paysend is a next generation integrated global payment ecosystem enabling consumers and businesses to pay, hold and send money online anywhere, anyhow and in any currency. Paysend is UK-based with global reach and was created in April 2017 with the clear mission to change how money is moved around the world. Paysend currently supports connections between 12 billion cards globally across Mastercard, Visa, China UnionPay and local card schemes and provides over 40 payment methods for online SMEs. Paysend operates in 60+ countries worldwide and has more than 3.5 million customers and 135,000 businesses to its platform to date. Paysend has a wide network of partners and has recently signed a partnership with Alipay to expand their reach in China as well as launched services in the US, the biggest payments market of the world. Paysend is Money for the future.


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