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 ArticlesPaysend helps people in the UK improve their financial health with Paysend grow
Paysend helps people in the UK improve their financial health with Paysend grow
2022-04-06
All articles
Paysend
Press release
LONDON – 06 APRIL, 2022 – Paysend, the UK-based fintech with over 6.5 million customers, today announces the launch of two new products to help customers improve their financial health: Credit Builder and Pay Later.
Credit Builder lets people in the UK with little or no credit history automatically improve their credit score by simply using their Paysend card for their daily spending when linked to their Paysend Credit Builder account in the Paysend app. The major UK credit reference agencies (Experian, Equifax and TransUnion) are updated on all spending and payments from the Credit Builder account, while customers have the confidence that they can never spend or send more than they have in their Credit Builder account.
Further, for customers who do need access to additional funds, Pay Later gives eligible users - based on Paysend’s own credit scoring system - 100 GBP to immediately spend on purchases with their Paysend card anywhere Mastercard is accepted, online or offline. Eligible customers can start using Pay Later without an external credit check, which may harm their credit score, and will not be charged interest on whatever they have spent from their Pay Later account. By comparison, UK overdraft interest rates are as much as 40% EAR. Also, unlike many other Pay Later services, like those offered during online checkout, Paysend customers can improve their credit score by making timely repayments to their Pay Later account every two weeks.
Customers can get started with both Credit Builder and Pay Later for free with a 90 day trial of the Grow subscription in the Paysend app. After the trial period, there will be a subscription fee of £2.99 per month. More information can be found on the Paysend Grow website.
Ben Chisell, Head of Product at Paysend
“Many of our customers have low or no credit score and limited access to financial products that can help them build a credit footprint and strengthen their financial circumstances. We are addressing this gap and helping our customers to positively contribute to their credit score with transactions made through Paysend’s platform. Our customers also may need a financial buffer and we’re providing them with a flexible and controlled way to pay later that combines the convenience of paying directly from the Paysend account with zero interest. With Paysend, customers will be able to access additional funds for any purchase and enhance their credit footprint while also being protected from other credit products that may worsen their financial situation.”
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 150 countries worldwide and has attracted more than six 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.