FOR IMMEDIATE RELEASE

Payments disruptor Paysend continues its global expansion by reaching the 500,000 customers milestone and adding an option of sending money to bank accounts across its network.

The rapidly growing business now operates in more than 70 countries and now offers consumers an option of sending money to regular bank accounts in additions to card-to-card transfers to Visa or MasterCard and UnionPay.

Ronald Millar, CEO of PaySend, said: “We are delighted to be offering our consumers more choice when it comes to international money transfer and adding an option to direct a transfer to regular bank accounts in the emerging economies. The recipients in India, Russia, China, Philippines, Nigeria, Vietnam and Thailand will be able to receive money transfer directly to their regular bank accounts.”

Recipients’ bank accounts will be topped up in local currency, using the real exchange rate without any hidden commissions or charges. The transfers will be made available to any registered PaySend customer via the company’s website or mobile app.

Ronald added: “Our partnership with key banking partners in these markets allows us to deliver money in a fast, simple and secure way. All you have to do is to provide a recipient’s name and a bank account number. Sending money directly to cards or to bank accounts is the new innovative way of sharing value across borders and PaySend is pioneering this space by bringing our consumers unrivalled convenience and peace of mind. That’s why 500,000 customers already trust us to send their international money transfers around the world.”

ENDS

For more information contact Ronald Millar, CEO of Paysend, by email - rmillar@paysend.com

You can also visit www.paysend.com for more information

About PaySend

PaySend is a Fintech company on a mission to change how money is moved around the world. We are the next generation money transfer platform, allowing customers to send money from card to card using our innovative technology. It is easy, fast, secure and we charge a fixed fee per transfer delivering funds in local currency using real exchange rate without any hidden fees or additional charges.

PaySend is a trading name of PaySend plc, registered in Scotland, United Kingdom. Company number 376020. Registered office: Cluny Court John Smith Business Park, Kirkcaldy, Fife, KY2 6QJ. PaySend plc is authorised and regulated by the Financial Conduct Authority, (FCA), Number 900004. All ‘transactions’ and ‘data’ are secured at the highest PCI DSS level 1 standards.

Download as PDF| Report this press release


About PaySend

We are on a mission to change how money is transferred around the world. We have designed a solution that sends money faster, safer, easier and instantly for only £1, 1.50€, $2.

No more cash, no more complicated forms to complete, no more bank account numbers, no more IBANS, no more sort codes, no more queuing and long trips to pick up the transfer. Just the 16-digit VISA or MasterCard number. Once you try us, you will never go back to transferring money the old way.

Today we send money to over 70 countries using Card to Card transfers.

paysend.com/