News from the Wire

Paysend, Mastercard form new global partnership

Thursday, March 04, 2021 — 14:03:15 (EST)

London, March 3, 2021: Global FinTech Paysend today announced a strategic partnership with Mastercard starting in the UK and EEA, which will be mutually beneficial as it will boost Paysend’s global reach and enhance both businesses’ customer base. Paysend is proud to be acknowledged a global partner for Mastercard in the definition of a new horizon for money transactions worldwide.

In January, Paysend reached the milestone of 3 million customers for its Global Transfer service, having experienced hypergrowth from the beginning of the global pandemic, as they have come to the aid of people around the world needing safe, secure, fast and low-cost ways to manage their money.

The new partnership with Mastercard will boost the potential of the new Paysend Global Account, combining its Global Transfer together with account/product services, so to boost Paysend market reach worldwide.

The new partnership with Mastercard will support Paysend’s global approach by offering a platform for strategic expansion, therefore increasing the capacity for inter-regional transactions.

“Our partnership with Mastercard will bring even more freedom to Paysend customers who want to hold, spend and send their money on a global scale,” Ronald Millar, Co-Founder & CEO of Paysend said. “We will be working with Mastercard on collaborations programmes to bring the benefits of our multi-currency service to more people around the world, so they can spend freely and flexibly on their travels”.

Jason Lane, Executive Vice President Market Development Europe at Mastercard added: “We are thrilled to be able to partner with Paysend. This partnership is an important milestone in delivering choice of payments, in particular in a cross-border environment, and allowing people to pay how they want, anywhere, anytime.”

About Paysend

Paysend is one of the fastest growing global Fintech companies, born in 2017, based in UK and regulated by the FCA. Servicing over 3.2 million customers in 50+ countries and multiple currencies, Paysend enables instant cross-border transfers, card processing and merchant acquiring as well as local payments in a way which is simple, smart and secure.

As a global end-to-end integrated payment ecosystem Paysend has its own global network of banks, 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. Paysend recently opened its US operations and secured a partnership with Alipay in order to grow its global footprint. Paysend is money for the future.

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Source: Company press release.