We promise to come back to you as soon as possible.","isMobileBtn":null,"note":null,"img":null,"color":{"id":205,"bgColor":null,"titleGradient":"aubergine01","titleColor":null,"whiteText":null},"btn":{"id":303,"title":"Contact the Paysend PR team","isModal":null,"btn_modal":null,"url":"mailto:jairo_riveros@paysend.com"},"btn_mobile":null,"bgImg":null,"btnDemo":null,"extra_button":null},"tiles_section":[{"id":522,"title":"About","subtitle":"We’re a global FinTech company on a mission to change how money is moved around the world.","variant":"colored","size":null,"imgTop":null,"fullwidth":null,"btn_title":null,"url":"\/about-us","add_country_lang_inside_link":null,"enabled":null,"img":null,"color":{"id":880,"bgColor":"aubergine01","titleGradient":null,"titleColor":null,"whiteText":null}},{"id":523,"title":"Culture","subtitle":"Discover your potential, own your growth, shape your future.","variant":"colored","size":null,"imgTop":null,"fullwidth":null,"btn_title":null,"url":"\/culture","add_country_lang_inside_link":true,"enabled":null,"img":null,"color":{"id":881,"bgColor":"aubergine03","titleGradient":null,"titleColor":null,"whiteText":null}}],"seo":{"id":191,"metaTitle":"Paysend News: Stay Informed with the Latest Updates","metaDescription":"Get the latest Paysend news: updates on services, partnerships, and innovations. For media inquiries and more, reach out to us. Stay informed!","ShareImage":null}},"articles":{"data":[{"id":114,"title":"Paysend and Currencycloud Enter into a Significant Global Expansion Agreement","date":"2024-04-02","video_url":null,"description":"
Paysend, a UK-based FinTech company, and Currencycloud have announced a substantial expansion of their long standing partnership, indicating Paysend\'s intention to extend its services globally.<\/p>
Under this agreement, Currencycloud will enhance Paysend\'s skills in foreign exchange \(FX\) and financial operations, establishing Paysend as a major player in global money transfers across the US, EMEA, and Asia-Pacific regions.<\/p>
The deal also means that Paysend customers now have access to multi-currency wallets, enabling users to store up to 34 currencies in one app. Customers will also gain access to payments via the Swift network, adding further capabilities to Paysend\'s extensive global coverage.<\/p>
Currencycloud will additionally offer assistance to Paysend for the introduction of fresh consumer-focused offerings and solutions slated for debut in late 2024.<\/p>
Paysend also significantly expands its money transfer offering in the UK, EU, Canada, and the US, leveraging Currencycloud\'s expertise in working with innovative firms specializing in digital money transfers, offering cheaper, fairer, and more transparent services than traditional providers. Customers in these regions will be able to send money transfers to more than 180 countries worldwide through Swift and local payment networks.<\/p>","description2":"
About Paysend<\/h2>
Paysend emerges as a trailblazing innovator in the realm of global financial transactions, presenting an avant-garde platform that empowers individuals and businesses alike to effortlessly send money worldwide, regardless of currency or method. Originating in April 2017, Paysend has its roots in the UK but has rapidly expanded its influence across the globe, dedicated to revolutionizing the landscape of international money transfers. Since its inception, Paysend has remained steadfast in its mission to streamline the process of financial transactions on a global scale.<\/p>
Paysend\'s platform fosters seamless interoperability across various networks worldwide, encompassing major players such as Mastercard, Visa, China UnionPay, and a diverse array of local payment schemes. With a diverse array of over 40 payment methods tailored to suit the needs of online SMEs, Paysend ensures accessibility and adaptability for businesses of all calibers.<\/p>
All ArticlesOpening up international markets for UK SMEs with Currencycloud
Opening up international markets for UK SMEs with Currencycloud
2022-12-15
All articles
Press release
When conducting business overseas, companies of all sizes can be hampered by slow payment times, high costs and limited transfer options. However, these barriers are particularly cumbersome for SMEs, which have fewer resources in terms of workforce and cash to spare. To thrive, young companies need space to focus on growth and access to international markets rather than a lengthy financial administration. So why, in today’s digital and globalised landscape, do SMEs still face inefficient processes when doing business internationally?
In our recent survey of 255 UK SMEs, 4 out of 10 respondents highlighted the significant challenges posed by currency exchange rate fluctuations and fees associated with making international money transfers. Additionally, 3 in 10 said barriers to doing business overseas existed due to settlement times, payments accepted from a limited number of countries and the slow administrative process to start accepting international payments.
Paysend believes it’s time to remove the complexities and difficulties of making international payments for the SME market.
Our partnership with Currencycloud
At Paysend, we want SMEs to have access to a more efficient and transparent method of completing cross-border transactions.
That’s why, in August 2022, we announced our partnership with Currencycloud, a leader in simplifying business in a multi-currency world, to open up global business for UK SMEs, enabling them to reach more customers.
With Currencycloud, we have expanded cross-border payment possibilities for our Paysend Business customers, with access to multi-currency accounts and international payment functionality through SWIFT.
UK SMEs will experience 15 additional local payment rails, gaining the option to move money without hassle to over 180 countries. Access to 15 local rails allows users to send funds to approximately 30 countries using SEPA, ACH, FP and more, reducing administration and cost burdens. Additionally, entrepreneurs can leverage Currencycloud’s APIs to receive funds via SWIFT with a more extensive global coverage.
By adding multi-currency and international payment capabilities, Paysend Business has evolved banking capabilities in the UK to allow clients to hold and convert funds in a broad range of currencies. Users can now send and receive transfers internationally via SWIFT and local payment rails quickly and easily, with FX transfers converted from one currency to another through Currencycloud.
One-stop solution to cater to all international payments needs
By employing our single, centralised platform, small business owners can grow and scale their companies quickly, smartly and securely. Users benefit from cost-effective acquisition and settlement payment solutions, including next-day settlement, multi-currency accounts, payouts to cards and instant payments. Through our platform, SMEs can accept payments online from all major debit and credit cards (Visa and Mastercard) in over 38 currencies globally, including payment gateways Apple Pay and Google Pay, and in over 190 countries at any time.
Our priority is to bring these payment capabilities together under one roof, enabling SMEs to become more flexible, diversify their supply chain and be more cost-efficient in their operations. SMEs no longer need to navigate a fragmented market of different financial providers to meet their international payment needs. Instead, we’re enabling them to focus on growth, serving their customers and developing their offerings.
At Paysend, we are committed to making life easier for business owners. Thanks to our partnership with Currencycloud, UK SMEs are better equipped to scale quickly and make global expansion a reality. Importantly, we also provide a simple, low-cost fee structure and personal account manager to support any enquiries in real time.
Set up your Paysend Business account and gain access to international markets today by clicking here.