Paysend launches digital money app Paysend 4.0

Friday 18 June 2021 12:30 CET | News

Paysend has launched the Paysend 4.0 app, combining the firm’s international transfers, multicurrency accounts, and cross-border payments in a single digital app.

According to the press release, the launch started in the UK and is being rolled-out all over Europe. Paysend just completed a investment for USD 125 million and is boosting its innovation pipeline through innovative products that are able to save time, save money, and service millions of people all over the world. 

Therefore, the new Paysend 4.0 is a fully upgraded version on existing Global Transfers app. It embeds several important features like Money Transfer, a multi-currency Global Account, and a physical and virtual card. Its multi-currency account allows users to open different currency wallets, hold up to several currencies at any one time (GBP, USD, EUR, CHF, CNY, PLN, CZK), and switch between them instantly so they can send money to over 128 countries in the world. 

Besides, these currencies can then be linked to the Paysend Mastercard or in-app Virtual Card and be used for online purchases, everyday purchases, or at ATMs worldwide with low fees. Customers can add all their existing banks on this one app, and they can view all their balances and bank statements of the last 90 days on Paysend.

The Paysend 4.0 app retains the powerful international payment processing of Paysend Global Transfers, letting users make card-to-card transfers to any Visa, Masterсard or Union Pay cards, Alipay accounts, and to regular bank accounts in over 120 countries through its faster outbound and inbound system. 

Overall, the multi-currency account and Paysend cards are designed for people who live, travel, and work abroad. The mobile app also embeds a simpler onboarding process and enables customers to move funds from their existing bank accounts without the hassle of adding accounts as beneficiary. 

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Keywords: product launch, cross-border payments, mobile payments
Categories: Payments & Commerce | Mobile Payments
Countries: World
This article is part of category

Payments & Commerce