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":120,"title":"10 million customers: A celebration of connection","date":"2025-01-10","video_url":"https:\/\/www.youtube.com\/embed\/K3mcSiDbUlw","description":"
At Paysend, every transfer tells a story - a story of love, support and connection that crosses borders and brings people closer together. Today, we’re thrilled to share an extraordinary milestone with you: 10 million customers worldwide.<\/p>
This achievement isn’t just about numbers; it’s about the trust and loyalty you’ve shown us over the past 7 years. Together, we’ve created 10 million stories that transcend borders, helping families, friends and communities stay connected.<\/p>
A global journey<\/h2>
Since our launch in 2017, Paysend has grown from a visionary startup to a trusted name in cross-border money transfers. Our service now connects people across 190 countries, offering fast, secure and affordable transfers through our innovative app. With over 15 million downloads and an 85% ‘excellent’ rating on Trustpilot, we’re proud to be a part of your journey.<\/p>
From sending love to family members to supporting friends in need, every transfer matters. That’s why we’ve worked hard to ensure low, fixed fees, competitive exchange rates and top-tier security for all our users.<\/p>
Celebrating with you: Our gift to mark 10 million<\/h2>
To celebrate this milestone, we want to say thank you with a special gift: 2 fee-free transfers! Whether you’re sending money to loved ones or helping someone in need, this is our way of making your experience even better.<\/p>
Here’s how to claim your fee-free transfers:<\/p>
Enter promo code*<\/i> 10MFAMILY<\/strong> at checkout on your next two transfers.<\/li>
No minimum sending amount required.<\/li>
Available for all transfers to over 170 countries.<\/li><\/ul>
All ArticlesPaysend Introduces ‘Paysend Libre’ a Remittance Solution Aimed at Driving Financial Inclusion in Northern Central America
Paysend Introduces ‘Paysend Libre’ a Remittance Solution Aimed at Driving Financial Inclusion in Northern Central America
2022-11-14
Paysend
Press release
All articles
In partnership with payment technology company, Mastercard, Paysend seeks to further accelerate access to digital financial tools for the unbanked population in Latin America.
MIAMI – NOVEMBER 14, 2022 – Paysend, the UK-based fintech, today introduced Paysend Libre, which will allow unbanked users in Northern Central America (Guatemala, Honduras, El Salvador) to receive remittances from the U.S. instantly to a Paysend virtual Mastercard digital card. The virtual card is ready to use in minutes for cash withdrawals and online purchases, allowing the millions of people that rely on funds from family members abroad to access their money safely and simply. Paysend Libre is set to launch in Guatemala in December 2022, and will expand into the broader Northern Central America region in 2023, where 60% of the adult population is unbanked.
With Paysend Libre – powered by Mastercard Send technology – U.S. customers simply use a recipient’s phone number to send them funds. As soon as the funds are sent, the recipient receives a notification with a link to log in via Paysend’s website or app. Unbanked recipients and those without a debit card, will be issued a free Paysend virtual Mastercard that can be used to make online purchases or withdraw funds from thousands of Cajero 5B ATMs - providing them with a digital financial tool that gives them greater control of their money and enables them to participate in the digital financial system.
Jairo Riveros, Chief Strategy Officer and Managing Director of North America and LATAM at Paysend.
“International remittances to Guatemala serve as a safety net for millions of people in the country. Paysend Libre offers a simple, convenient, and safe way to facilitate money transfers to those who need it the most. It also helps us move the needle in expanding financial inclusion for all,”
David Goldschmidt, Vice President of Cross Border Payments for Mastercard Latin America and the Caribbean.
“We know there’s greater impact when industry players come together to maximize our strengths and our technologies. This program is a clear example of that and will help give millions across Guatemala, Honduras, and El Salvador a fast, simple and secure to access – and use – their funds,”
Paysend and Mastercard will introduce Paysend Libre at the 56th Felaban Guatemala Convention happening from November 12-15 in Guatemala City. They will be joined by other financial inclusion leaders, including representatives from the Partnership for Central America for a discussion on how to scale financial inclusion efforts.
“Libre”, which translates to “free” in Spanish, represents Paysend’s mission to free unbanked individuals from the challenges that come with traditional solutions, the lack of financial options for international money transfers, and the security risk of receiving money in cash.
Spending and Withdrawing Money With Paysend Libre
To use the Paysend virtual Mastercard online, recipients need only to tap the card to reveal the card number, expiration date and three-digit security code, which can be used to make online purchases.
Using their cell phone number, recipients can withdraw funds from their Paysend virtual Mastercard at a Cajero 5B’s contactless ATM. After following a few steps, the user will receive a one-time passcode to withdraw their desired amount from their Paysend virtual Mastercard balance.
Increasing Financial Inclusion in Guatemala
Guatemala is home to Central America’s largest population and economy, yet it has the region’s lowest human development index – a measurement of life expectancy, health, and education outcomes – with over 50% of the country living below poverty.
As a result, remittances play a critical role in Guatemala, where 18% of Guatemala’s GDP relies solely on the money sent from migrants. Although migrants leave their home country for new opportunities, they still play critical roles in financially supporting their friends and family back home. In fact, Guatemalans living abroad sent a record $15 billion in remittances in 2021, a 35% increase from 2020.
Learn more about Paysend’s efforts to create financial inclusion for all at https://paysend.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. 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.