Paysend Unveils Partnership with Western Union to Enhance Global Money Transfer Solutions
Paysend, a UK-based FinTech company, and Western Union Join Forces to Revolutionize Global Money Transfers and have forged a groundbreaking alliance to redefine the way money moves across borders. By integrating cutting-edge digital platform, consumers gain enhanced capabilities to send funds directly to Visa and Mastercard debit cards.
This collaboration marks the dawn of a new era, promising unparalleled convenience, reliability, and accessibility for individuals and businesses navigating cross-border transactions worldwide.
In 2022, the World Bank highlighted a notable 5% surge in remittances, surpassing the $800 billion mark, which played a crucial role in supporting communities and fueling economic expansion. Paysend's unified API solution guarantees smooth handling of Western Union customer payments directly to Visa and Mastercard debit cards, facilitating rapid payouts at real-time foreign exchange rates.
The two entities have initiated a pilot program allowing money transfers from the United States and the United Kingdom to Pakistan, the United Kingdom, and Spain. There are intentions to incorporate more countries into the program in the coming times.
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 Western Union
Western Union stands as a stalwart pillar in the domain of global money transfer services, offering a comprehensive array of solutions that facilitate seamless financial transactions across borders. With a legacy spanning more than a century, Western Union has cemented its position as a trusted name in the industry, renowned for its reliability, security, and accessibility. With a presence in over 200 countries and territories, Western Union ensures that individuals and businesses have access to reliable financial services wherever they may be.
With its commitment to customer satisfaction and financial inclusion, Western Union has earned the trust and loyalty of millions of customers around the globe. Serving as a lifeline for families, businesses, and communities, Western Union plays a pivotal role in facilitating economic growth and prosperity worldwide.
For further information, visit: https://www.westernunion.com/
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Today, Paysend has taken a major leap in expanding cross-border transfer opportunities to Uzbekistan for banks, digital wallets, and remittance businesses. The new launch unlocks instant payouts directly to Uzbekistan’s leading local card schemes, Humo and Uzcard, expanding Paysend’s existing support for Visa and Mastercard payments in the region.
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