Paysend Expands Bank Account Transfer Capabilities to Latin America
Expanding its roster for receiving countries, Paysend offers more options for U.S. customers to send funds to Latin American recipients quickly, securely and for a low fee
MIAMI – APRIL 4, 2023, – Paysend, the card-to-card pioneer and international payments platform, is solidifying its money transfer services to Latin America by enabling U.S. customers to send money to Latin America quickly, securely and for a low fee through transfers to bank accounts. Since launching transfers to bank accounts in the Dominican Republic, Haiti, Jamaica and Mexico in 2022, U.S. customers will now be able to transfer money to friends and loved ones bank accounts in Bolivia, Colombia, Peru, Uruguay, Brazil, Chile and Argentina.
Empowering the Unbanked Communities in Latin America
Today, 70% of LatAm's population remains unbanked or underbanked. With a mission to improve financial inclusion across the globe and support migrants looking to send money back home, Paysend has stepped in to offer low fee, fast and secure transfers for the community as current economic pressures have made it more difficult to send funds.
This expanded offering comes on the heels of Paysend launching its Paysend Libre solution powered by Mastercard Send technology last year. With Paysend Libre, unbanked recipients located in Northern Central America (i.e., Guatemala, Honduras, El Salvador) can receive and utilize funds from the U.S. instantly through digital card.
As a global end-to-end payment platform, Paysend has a strong global payments network that includes partnerships with the major international card networks, including Visa, Mastercard and China Union Pay.
To start transferring funds or to learn more about Paysend’s mission to promote financial inclusion for all, visit https://paysend.com.
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 100 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.
For further information visit https://paysend.com.
Bài viết mới nhất
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.