Paysend has become one of the first residents of a regional hub for financial technology.

The payments disruptor presented their new Global Account at the Astana International Finance Centre (AIFC) in Kazakhstan last week during the Astana Finance Days forum.

Presenting the solution Ronald Millar, CEO of Paysend, said: “We are very happy to present this new product and announce its upcoming launch.

“It is very much in line with the expectations of modern consumers, who want to buy and exchange dollars, euros and pounds and easily convert them to crypto currencies within one app. With our smart card you can pay for goods and services in any country and withdraw cash from millions of ATMs worldwide.”

The Global Account, which is a smart card linked to a mobile wallet, allows people to buy, hold and move traditional and crypto currencies from the convenience of one account.

Kairat Kalimbetov, Astana International Financial Centre Governor said: “We are excited to invite Paysend to become an AIFC resident and launch a trial of cryptocurrency features within our regulated sandbox framework. Without a doubt we consider this product to be a huge step in the development of the global FinTech industry. AIFC will always promote and support the development of regional and global financial innovations.”

PaySend founder Abdul Abdulkerimov added: “We are very pleased to make this announcement in Astana, which is famous for pioneering new technologies. This product offers unrivalled convenience and very tangible benefits for our customers. It’s high time to remove the borders between traditional and crypto currencies and make it work for ordinary people.”

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 move money in multiple fiat and crypto currencies. Our first product - card to card transfers - launched in 2017 by a team of FinTech experts which earlier made Visa Direct a global success story. From the soft launch just a year ago our platform now allows users to send funds to over 60 countries. Paysend’s Global Account is money of the future, money without borders.

About AIFC

Astana International Financial Centre (AIFC) is a financial hub for Central Asia, the Caucasus, EAEU, the Middle East, West China, Mongolia and Europe. AIFC primary activities are related to policy enforcement, licensing and dispute resolution when it comes to financial services industry. The AIFC operates within a special legal regime based on Common Law, which regulates the relationships between AIFC participants and third parties and is aimed at the development of the financial markets.

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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.