Paysend and Currencycloud Enter into a Significant Global Expansion Agreement

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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.

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.

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.

Currencycloud will additionally offer assistance to Paysend for the introduction of fresh consumer-focused offerings and solutions slated for debut in late 2024.

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.

About Paysend

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.

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.

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About Currencycloud

Currencycloud stands as a pioneering force in the realm of global payments, offering an innovative platform that empowers both individuals and businesses to seamlessly transfer funds across borders in any currency, through any means. Established in 2012, Currencycloud hails from the UK but boasts a worldwide presence, dedicated to reshaping the landscape of international money transfers. Since its inception, Currencycloud has been committed to simplifying the process of moving money across the globe.

Currencycloud's platform facilitates cross-network operability on a global scale, spanning key players like Mastercard, Visa, China UnionPay, and a multitude of local ACH and payment schemes. With support for over 40 payment methods tailored for online small and medium-sized enterprises (SMEs), Currencycloud ensures accessibility and flexibility for businesses of all sizes.

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