Paysend unveils guide for money transfers advice during coronavirus

Wednesday 18 March 2020 13:09 CET | News

UK-based fintech company Paysend has published a guide for expats and foreign workers whose money transfers home to families may be affected by the current coronavirus crisis.


The reason behind the company’s initiatives is that closed workspaces, travel bans, and entire towns and countries on lockdown have caused significant disturbance to many users of traditional money transfer platforms. Moreover, high-street banks, remittance outlets, and post offices are no longer the most effective ways of sending money abroad. This means that regular users of these establishments for sending money must look elsewhere to ensure that money is sent to affected countries, where it may be used for essential items including food, clothes, and medicines.

Paysend mentions that it wants to help creating a better-connected world where the movement of money across borders is seamless. Via its guide, the company aims to offer all users sufficient guidance and information to ensure that money can continue to arrive where it’s needed most. Paysend has already started offering zero-fee money transfers to China, and is planning for more supportive initiatives to countries most affected by virus in the coming days.

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Keywords: Paysend, money transfers, coronavirus, UK, fintech, banks, remittance
Categories: Payments & Commerce
Countries: United Kingdom
This article is part of category

Payments & Commerce