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Paysend, the global fintech growing the world’s largest digital payment network – unifying over 20 billion endpoints into a single global, open and instant payment system – has partnered with Tink, A Visa Solution, to enhance its Open Banking capabilities. By integrating Tink’s market-leading solutions, Paysend is improving coverage, speed and payment quality for customers in key markets.<\/p>
With Tink’s secure Open Banking technology, Paysend customers in selected regions can now authenticate and fund transfers directly through their bank without manually entering details or facing multiple security steps. The result is a smooth, fast and secure payment experience.<\/p>
The partnership with Tink provides Paysend with enhanced Open Banking payments performance and expands their Open Banking capabilities into new markets. This means more customers can fund their international transfers with minimal friction, greater security and improved speed.<\/p>
By leveraging Tink’s extensive network of bank connections, Paysend users benefit from:<\/p>
Wider coverage – More banks and financial institutions are now supported<\/li>
Quicker transactions – Authenticate with your bank and fund transfers without manual entry<\/li>
Enhanced security – Direct bank authentication reduces errors and fraud risk<\/li>
A seamless experience – Fund transfers with fewer steps right from your smartphone<\/li><\/ul>
Paysend’s Global Head of Network & Partnerships, James Cresswell said: “At Paysend we’re constantly innovating to make Cross Border money movement as simple as possible. Integrating with Tink expands our Open Banking capabilities, ensuring our customers can fund their transfers instantly with ease and confidence.”<\/p>
Ian Morrin, Tink’s Head of Payments added: “We’re excited to partner with Paysend to bring secure Open Banking payments to more customers. Open Banking is transforming how people manage their money and this partnership ensures Paysend customers benefit from a more intuitive payment experience.”<\/p>
With Tink’s Open Banking technology, Paysend is helping users fund transactions more easily and securely, making international money transfers more accessible, efficient and hassle-free.<\/p>
About Paysend<\/h2>
Paysend has created the world’s biggest digital payment network, unifying over 20 billion endpoints into a single global, open and instant payment network. As a global financial technology company, Paysend enables fast, simple and low-cost international money transfers. With millions of customers worldwide, Paysend provides borderless payments that help people connect financially no matter where they are. The Paysend app allows users to send money to over 170 countries instantly, with competitive rates and innovative Open Banking solutions.<\/p>
LONDON 21st August: Paysend, a leading global digital money transfer platform, today announces the launch of its groundbreaking advertising campaign set to hit the United States on August 21st. The comprehensive campaign will target the 60m Hispanic community living in the United States who regularly send money to family across Latin America, representing the largest money transfer corridor in the world.
The initial phase of the campaign will include two TV commercials, multiple TV program sponsorships, national and local radio advertising, podcast sponsorship, and extensive social and digital advertising, all in Spanish. With more than 60 TV commercials scheduled to air in the first week across the U.S., this campaign is poised to establish Paysend as a household brand within the Hispanic community.
Chief Marketing Officer at Paysend, Rupert Bedell
“This campaign is a significant milestone for Paysend for us to build the brand in the U.S. and disrupt the market with a competitive alternative. The upbeat campaign centres on the joy of sending money home to loved ones, and we’re looking forward to seeing how it performs.”
The company’s entry onto the U.S. financial landscape is poised to revolutionise the way the 60 million strong Hispanic community, representing 20% of the U.S. population, sends money to support their families across Latin America. Paysend enables users to send money directly to Visa and Mastercard debit cards, bank accounts, and for cash pick-up in select countries, providing a fast, low-cost, and safe alternative to traditional remittance methods.
For launch, Paysend’s money transfer will be fee-free to Latin America. This approach drastically undercuts the market, where transfer fees for competitors typically range between $3 and $10. By removing the transfer fee, Paysend seeks to capture a significant share of the $150 billion annual remittance payments from the Spanish-speaking community in the U.S.
Backing up the advertising blitz, Paysend has doubled the size of its Spanishspeaking customer service team operating in the region, and significantly increased its Spanish-language paid search investments to cater to the growing demand for their services.
To view the creative for the campaign, go to our Press Kit
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.