Read the latest Paysend articles","text":"Stay up-to-date with the latest news, insights and more.","isMobileBtn":null,"note":null,"img":null,"color":{"id":204,"bgColor":null,"titleGradient":"aubergine01","titleColor":null,"whiteText":null},"btn":null,"btn_mobile":null,"bgImg":null,"btnDemo":null,"extra_button":null},"tiles_section":[{"id":520,"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":878,"bgColor":"aubergine01","titleGradient":null,"titleColor":null,"whiteText":null}},{"id":521,"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":879,"bgColor":"aubergine03","titleGradient":null,"titleColor":null,"whiteText":null}}],"seo":{"id":190,"metaTitle":"Paysend Blog: Stay Ahead with Paysend\'s Latest Insights!","metaDescription":"Dive into the future with Paysend\'s blog, exploring cutting-edge ideas and trends shaping the world of payments and finance. Stay updated and informed.","ShareImage":null}},"categories":[{"id":1,"title":"All articles","value":"all-articles","createdAt":"2023-05-16T10:53:37.864Z","updatedAt":"2023-05-16T10:53:39.907Z","publishedAt":"2023-05-16T10:53:39.902Z"},{"id":3,"title":"Living Abroad","value":"living-abroad","createdAt":"2023-05-18T06:41:22.124Z","updatedAt":"2023-05-18T06:46:32.708Z","publishedAt":"2023-05-18T06:41:36.531Z"},{"id":2,"title":"Money Transfer Guides","value":"money-transfer-guides","createdAt":"2023-05-18T06:41:07.061Z","updatedAt":"2023-05-18T06:46:56.605Z","publishedAt":"2023-05-18T06:41:40.106Z"},{"id":4,"title":"New Paysend Features","value":"new-paysend-features","createdAt":"2023-05-18T06:41:55.339Z","updatedAt":"2023-05-18T06:47:14.088Z","publishedAt":"2023-05-18T06:41:57.387Z"},{"id":7,"title":"World Culture","value":"world-culture","createdAt":"2023-05-18T06:42:39.079Z","updatedAt":"2023-05-18T06:47:46.729Z","publishedAt":"2023-05-18T06:42:41.110Z"},{"id":6,"title":"Digital Money","value":"digital-money","createdAt":"2023-05-18T06:42:20.935Z","updatedAt":"2023-05-18T07:00:06.929Z","publishedAt":"2023-05-18T06:42:25.857Z"},{"id":5,"title":"Personal Finance Tips","value":"personal-finance-tips","createdAt":"2023-05-18T06:42:08.497Z","updatedAt":"2023-05-18T07:00:17.013Z","publishedAt":"2023-05-18T06:42:10.739Z"}],"articles":{"data":[{"id":128,"title":"How we use an agile approach and company-wide demo days to empower all of our teams","date":"2022-06-30","video_url":null,"description":"
At Paysend, we have a team spread out across 38 countries, building products to delight our 7 million customers around the world.<\/p>
Having a remote and distributed team means that we need to put in place rituals to ensure that everyone in our team shares a common understanding of our product strategy and priorities, so that they can make the best decisions day to day on behalf of our customers and the company.<\/p>
We would like to share one of our most important rituals, which is our monthly company Demo Day.<\/strong><\/p>
Before getting to our demo day, it’s important to know how we think about building products at Paysend. Every year we renew our company product strategy based on what we have learned over the past year: this includes our successes; our failures; new strengths we have acquired; and new opportunities that have opened up in the market. The outcome is a product strategy document that we share and discuss with the whole company, and something we give to new team members so that they have complete clarity on what we’re trying to achieve. <\/p>
We then break this strategy apart into distinct and non-overlapping goals \(we use the OKR framework at Paysend<\/span>\) and then create teams of Paysenders who then take ownership of identifying how to achieve these goals. These teams then fully absorb themselves in their assigned areas, and then work tirelessly to deliver for our customers.<\/p>
However, when teams fully absorb themselves in their own areas, they can sometimes lose touch with what other teams are doing. This can lead to teams making product decisions that contradict one another; teams creating experiences that are not coherent with each other; or teams duplicating work. As a result, we needed to find a way to allow teams to come together regularly to understand what is happening across the company - therefore allowing teams to share ideas and feedback; and find opportunities to work together more efficiently.<\/p>
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<\/p>
While regularly demoing work is a common practice, and part of standard SCRUM rituals, they can become harder to manage as teams grow in size, and therefore can stop happening. Despite this, and having some unique challenges being a remote-first and distributed team, we decided that a Demo Day is crucial for our teams to stay close to one another, and deliver our product strategy together.<\/p>
We launched our first company Demo Day in February, which is run monthly by Ksenia in our People & Culture team. Here are some of the things she has found are important in making them successful.<\/p>
Have an overall narrative or story to tell in each session.<\/strong><\/li>
Ask all Paysenders who demo to start with explaining how what they’re doing contributes to Paysend’s product strategy and OKRs.<\/strong><\/li>
Make sure there is an environment where people can be open and receptive to feedback<\/strong> Each Paysender is considered an owner of our products and is equally responsible for their quality to the user. As such, we decided to expand the standard scope of SCRUM rituals and make the demo open to the entire company, where each employee can share feedback, offer ideas or talk about problems he encountered when using it. Fundamentally the we believe that the best ideas can come from anywhere and this is how we strive to make sure everyone can have a voce. We feel that this is incredibly cool! Everyone at Paysend<\/span> has an impact on development, and everyone is openly sharing their opinions in order to get the best possible results.<\/li>
Show real things<\/strong> Our Demo Days, stay true to their name, they are all about showcasing real changes in real products; test environments or production. We are not focusing on theory and presentations but instead focus on sharing the results of work and building the road map of future development.<\/li>
Talk about the people behind the thing being demoed. Getting to know your team is just as important as getting to know the product.<\/strong> Fundamentally we want to hit the aggressive targets we set, but we don’t limit ourselves to tactical goals. During each Demo Day, we share details about our products and the teams that create them. We share achievements and challenges, which helps everyone level up their understanding as well as increase the likelihood of finding great solutions that can delight our customers. This is the essence of striving for excellence at Paysend<\/span>.<\/li>
Working remotely definitely means that people in the company have to try harder to communicate and build up their networks. <\/strong> Typically colleagues may face each other only when they have common tasks. If you don\'t have cross-functional work with other departments then most likely you may not know other colleagues or understand what they do. This is why joint events and activities are so important to us at Paysend<\/span>.<\/li>
Talk about the impact and challenges. <\/strong> The world does not stand still, which is why it\'s so important to adapt quickly to changes, improving our products in time to make users happy. It\'s events like these that help us learn more about user needs and make Paysend<\/span> products better, guided by our product missions and our principles.<\/li><\/ul>
And here are some of the things our team says about our Demo Day:<\/p>
At Paysend, we have a team spread out across 38 countries, building products to delight our 7 million customers around the world.<\/p>
Having a remote and distributed team means that we need to put in place rituals to ensure that everyone in our team shares a common understanding of our product strategy and priorities, so that they can make the best decisions day to day on behalf of our customers and the company.<\/p>","createdAt":"2023-05-24T12:39:14.593Z","updatedAt":"2023-11-10T10:41:38.221Z","publishedAt":"2023-05-24T12:40:32.569Z","locale":"en","img":{"id":2305,"name":"Screenshot 2022-06-30 at 13.43.56.jpg","alternativeText":"How we use an agile approach and company-wide demo days to empower all of our teams","caption":null,"width":1106,"height":579,"formats":{"large":{"ext":".jpg","url":"https:\/\/cloud.paysend.com\/strapi\/prod\/large_Screenshot_2022_06_30_at_13_43_56_3a479b636f.jpg","hash":"large_Screenshot_2022_06_30_at_13_43_56_3a479b636f","mime":"image\/jpeg","name":"large_Screenshot 2022-06-30 at 13.43.56.jpg","path":null,"size":66.06,"width":1000,"height":524},"small":{"ext":".jpg","url":"https:\/\/cloud.paysend.com\/strapi\/prod\/small_Screenshot_2022_06_30_at_13_43_56_3a479b636f.jpg","hash":"small_Screenshot_2022_06_30_at_13_43_56_3a479b636f","mime":"image\/jpeg","name":"small_Screenshot 2022-06-30 at 13.43.56.jpg","path":null,"size":21.72,"width":500,"height":262},"medium":{"ext":".jpg","url":"https:\/\/cloud.paysend.com\/strapi\/prod\/medium_Screenshot_2022_06_30_at_13_43_56_3a479b636f.jpg","hash":"medium_Screenshot_2022_06_30_at_13_43_56_3a479b636f","mime":"image\/jpeg","name":"medium_Screenshot 2022-06-30 at 13.43.56.jpg","path":null,"size":40.89,"width":750,"height":393},"thumbnail":{"ext":".jpg","url":"https:\/\/cloud.paysend.com\/strapi\/prod\/thumbnail_Screenshot_2022_06_30_at_13_43_56_3a479b636f.jpg","hash":"thumbnail_Screenshot_2022_06_30_at_13_43_56_3a479b636f","mime":"image\/jpeg","name":"thumbnail_Screenshot 2022-06-30 at 13.43.56.jpg","path":null,"size":7.1,"width":245,"height":128}},"hash":"Screenshot_2022_06_30_at_13_43_56_3a479b636f","ext":".jpg","mime":"image\/jpeg","size":80.27,"url":"https:\/\/cloud.paysend.com\/strapi\/prod\/Screenshot_2022_06_30_at_13_43_56_3a479b636f.jpg","previewUrl":null,"provider":"strapi-provider-upload-aws-s3-plus-cdn","provider_metadata":null,"createdAt":"2023-05-24T12:36:00.353Z","updatedAt":"2023-05-26T12:22:01.637Z","folderPath":"\/41"},"tiles_section":[],"quote_section":[{"id":77,"coloredTile":null,"smallTitle":null,"text":"Kassem Issa","linkHref":"Kassem Issa","linkText":"Sales","description":"I love fintech and am a bit entrepreneurial. I\'m in Sales so it definitely gives me a better pitch and understanding of our vision, demo days give me more detail into every product we have and how they are made.","img":null,"icon":null,"color":null,"pdf":null},{"id":78,"coloredTile":null,"smallTitle":null,"text":"Ilya Zakharevich","linkHref":"Ilya Zakharevich","linkText":"Product Owner, Paysend Store","description":"Everyone can see how products improve. Everyone can share ideas. The teams feel valued.","img":null,"icon":null,"color":null,"pdf":null},{"id":80,"coloredTile":null,"smallTitle":null,"text":"Natalia Bazhenova","linkHref":"Natalia Bazhenova","linkText":"Business Analyst","description":"Yes, it\'s very interesting what products we have, how they work, and how we work together to manage and develop them. ","img":null,"icon":null,"color":null,"pdf":null},{"id":79,"coloredTile":null,"smallTitle":null,"text":"Anthony Paraskevas","linkHref":"Anthony Paraskevas","linkText":"Product Manager","description":"I do think the demo days are useful for the wider business to see what we\'re building for customers. It should be motivating for them and make sure we\'re all aligned on the future of the business. ","img":null,"icon":null,"color":null,"pdf":null},{"id":81,"coloredTile":null,"smallTitle":null,"text":"Elliot Simmons","linkHref":"Elliot Simmons","linkText":"Copywriter & Content Creator","description":"In my opinion, the demo days I have experienced have been a great way to showcase how other parts of the business operate. They introduce us to teams we might not work with and together we explore how different solutions work.","img":null,"icon":null,"color":null,"pdf":null},{"id":82,"coloredTile":null,"smallTitle":null,"text":"Anastasia Serdiuk","linkHref":"Anastasia Serdiuk","linkText":"Leading Marketing Manager","description":"It\'s a good idea, especially about the products and the features we have and how they work and why we need them. ","img":null,"icon":null,"color":null,"pdf":null},{"id":83,"coloredTile":null,"smallTitle":null,"text":"Polina Komarova","linkHref":"Polina Komarova","linkText":"Cards & Accounts PM","description":"I think it\'s very useful and it helps ensure we move quickly and source great ideas from different perspectives. My colleagues text me and say, “that was interesting, have you explored this?” - that\'s what this is all about.","img":null,"icon":null,"color":null,"pdf":null}],"categories":[{"id":1,"title":"All articles","value":"all-articles","createdAt":"2023-05-16T10:53:37.864Z","updatedAt":"2023-05-16T10:53:39.907Z","publishedAt":"2023-05-16T10:53:39.902Z"},{"id":6,"title":"Digital Money","value":"digital-money","createdAt":"2023-05-18T06:42:20.935Z","updatedAt":"2023-05-18T07:00:06.929Z","publishedAt":"2023-05-18T06:42:25.857Z"}],"except_countries":[{"id":204,"name":"USA","code_a2":"US","ISO":840,"createdAt":"2022-04-19T09:42:00.282Z","updatedAt":"2025-04-01T13:00:01.252Z","services_info":"We can send USD from USA and deliver in local currency to over 70 countries.","link_code":null,"default_sending_amount":null,"default_requested_amount":null,"default_sending_currency":null,"default_requested_currency":null,"bank_list":null,"accusative_country_name":null,"genitive_country_name":null}],"seo":{"id":121,"metaTitle":"Agile Empowerment: Teams Thrive with Company-Wide Demos","metaDescription":"Experience our Agile teamwork! Harness Agile methods and company-wide demos. Embrace collaboration, creativity, and continuous improvement for inspiring team success.","ShareImage":null}},{"id":43,"title":"Top five reasons why building a healthy credit score is essential to improving your overall financial health!","date":"2022-04-26","video_url":null,"description":"
At Paysend<\/span>, we believe a healthy credit score can positively impact your financial health, leading to new and exciting experiences and opening up various benefits, giving you the time and freedom to focus on what matters most. <\/p>
Sometimes, however, it can be tricky to determine the best method to boost your score. That is why Paysend<\/span> is here to help! <\/p>
So what is a credit score?<\/h2>
In short, a credit score is a number that indicates how reliable you are with your finances, a value determining how likely you are to pay back personal loans or credit card payments.<\/p>
A respectable credit score is a necessity for improving your overall financial health. The higher the number, the lower risk, and the more applicable to financial perks you will be.<\/p>
Understanding what leads to improving your credit score<\/p>
Factors that determine your credit report and reveal your credit score are aptly named credit score factors. Factors that may affect your scores are as follows:<\/p>
Total debt<\/li>
Number of accounts<\/li>
Types of accounts<\/li>
Number of late payments<\/li>
Age of accounts<\/li><\/ul>
Monitoring your credit activity can help you keep on top of your finances and inform the management of your spending, saving, and repayments. <\/p>
Why lenders use credit scores<\/h2>
Before credit scores, lenders would deliberate over applicants\' credit reports to determine a higher or lower rating. This process was time-consuming, leading to mistakes and biased results, decisions made that may have had little bearing on the applicant\'s ability to repay debt promptly. <\/p>
These days, credit scores help lenders assess risk fairly and objectively. The score solely reflects the likelihood to repay debt responsibly based on past credit history and current credit status, generated by central Credit Reference Agencies \(CRAs\). <\/p>
Here are the top five reasons why building a healthy credit score is essential to improving your overall financial health: <\/strong><\/p>
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Experience higher approval rates<\/h2>
A good credit score will mean you are more likely to be approved for bespoke financial products and services, such as credit cards or loans. Although financial institutions may look at other factors such as income and employment status, your credit score will play an integral role in determining your financial freedom. <\/p>
Gain access to higher credit limits and premium credit products with lucrative rewards and other benefits by growing your credit score.<\/p>
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Enjoy lower interest rates!<\/h2>
Lenders will often increase the interest rate for those they judge to be high risk and offer lower interest rates to candidates who can show proof of reliability and on-time payments. <\/p>
With your score moving from good to great, you will be surprised how incremental improvements can lead to huge savings! <\/p>
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Benefit from improved contract terms!<\/h2>
Insurance, utility, and mobile providers may check your credit report to determine what package is most suited for you. <\/p>
Insurance lenders will want to identify the eligibility of clients for specific premiums. Utility companies for gas, water, and electricity will often place you on a prepaid account, such as a meter, should you have a poor credit score. <\/p>
Phone service providers might be limited to what package they can offer you should you not have a respectable score. <\/p>
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Provide credibility for employers!<\/h2>
Certain prospective employers may check your credit report as part of their screening process to judge trustworthiness, especially when in a position where you will be handling large sums of money or have a high level of responsibility. <\/p>
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Increased opportunity when buying or renting!<\/h2>
When inquiring about buying or renting a property, the letting agent, landlord or homeowner may request your credit score to determine your trustworthiness as a reliable tenant or buyer.<\/p>
Improve your credit score with a Credit Builder account in three simple steps:<\/strong> <\/p>
Activate Credit Builder as part of Paysend<\/span> Grow and top up the amount you want to spend<\/li>
Link your Paysend<\/span> card to start spending or sending money transfers through the Paysend<\/span> app<\/li>
Set up autopay. Paysend<\/span> will report your Credit Builder repayments to major CRAs.<\/li><\/ol>
Here at Paysend<\/span>, we understand better than most the need to be financially responsible and reliable. For this reason, Paysend<\/span> has developed an all-new approach to boosting your credit score! <\/p>
Managing your expenditure can be a tricky business. A good credit rating is vitally important when looking to rent, apply for a loan or mortgage, or take out a new mobile phone or internet contract. <\/p>
Paysend Credit Builder<\/strong>, an all-new add-on feature to the Paysend<\/span> app, allows you to start building your credit score in a few easy steps and take charge of your financial health! <\/p>
Paysend<\/span> Credit Builder enables you to make money transfers and carry out day-to-day transactions online or offline using your Paysend<\/span> card or bank account while managing repayments quickly and easily. Sign up today!<\/strong><\/p>