Paysend and Visa Forge Stronger Strategic Partnership to Revolutionize Global Money Transfers
Paysend, a UK-based FinTech company, and Visa have announced a strategic partnership to enable real-time money transfers to eligible Visa cards across 170 countries and territories.
This five-year collaboration builds upon their previous partnership and leverages Visa's Visa Direct network for instant money movement. Paysend aims to revolutionize international money transfers, especially in underserved regions, by utilizing card networks instead of traditional channels.Paysend, known for its simple and cost-effective money transfer service, sees this collaboration as a significant step towards their mission.
This strategic alliance also involves joint marketing efforts to promote fast payments to Visa cards, particularly in key corridors like the USA-Latin America route. This partnership reflects Paysend's commitment to shaping the future of money movement.
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.
For further information, visit: https://paysend.com/
About Visa
Visa emerges as an influential leader in the realm of global payments, offering a cutting-edge platform that empowers individuals and businesses to effortlessly transfer funds across borders in any currency, utilizing a myriad of channels. Founded on a legacy of innovation, Visa has established itself as a cornerstone of the global financial ecosystem, committed to revolutionizing the dynamics of international money transfers. Since its inception, Visa has remained steadfast in its mission to streamline the complexities of financial transactions on a global scale.
Visa's platform fosters seamless interoperability across diverse networks worldwide, encompassing key players such as Mastercard, Currencycloud, China UnionPay, and an extensive array of local payment schemes. With a comprehensive suite of over 40 payment methods tailored to cater to the needs of online small and medium-sized enterprises (SMEs), Visa ensures accessibility and adaptability for businesses of all scopes.
For further information, visit: https://visa.com/
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Paysend, the global fintech innovator, proudly marks its 8th anniversary celebrating nearly a decade of bold innovation, strategic partnerships, and customer-driven growth.
Founded in the UK in 2017, Paysend has evolved from a cross-border money transfer startup into a leading global fintech company with a clear mission: to simplify money transfer for all by building the world’s largest open, instant digital payments network. Today, Paysend generates over $100 million in annual revenue and serves over 11 million consumers alongside a growing base of enterprise clients—including global leaders in the money movement and high-growth platforms payroll space.
We’ve been working on a new way for businesses to receive and move funds between their corporate accounts globally and in real-time. We know that moving funds cross-border between corporate accounts can take days to settle and can be expensive which leads to your funds being trapped in pre-funding accounts or cross-border payment processing cycles.