UK-based fintech Paysend has launched its Global Account, a fee-free mobile money account with multi-currency wallet and new payment features.
The aim of the Global Account is to help consumers save up to GBP 2 billion in currency conversions when spending money abroad or on overseas websites. The solution enables users to pay, hold, and spend their money when travelling through a multi-currency wallet, removing many fees.
Paysend’s new feature incorporates a multi-currency wallet, including Chinese Yuan. It facilitates the switch value between currencies using the mid-market exchange rate and allows payments in local currency using the Paysend Mastercard or in-app virtual card. Customers are also enabled to transfer money internationally from within the app directly to other Global Account users.
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