Paysend further augments real-time money transfers for US customers

Wednesday 9 March 2022 09:01 CET | News

UK-based payments platform Paysend has announced that its US customers can now send funds directly to eligible Mastercard cards in over 60 countries.

By leveraging Mastercard Send, a payments platform that enables people and organisations to send and receive money in near-real time, domestically and cross-border, Paysend is able to continue to make digital money transfers more widely available and accessible.

As per the press release, with more than 20 million migrants from Latin America residing in the US, Latin American nations are seeing increased remittance flows. According to the World Bank, remittance flows into Latin America increased 21.6% in 2021 over 2020.

Company officials added that the global pandemic has continued to push payments and contactless transactions into new highs. As more consumers turn to digital money transfers to support friends and family across the globe, Paysend lowers the barriers of entry to global payments.

This news follows several Paysend partnerships, platform augmentations, and growth focused on connecting people the world. Globally, the company has acquired over five million customers and grown 14,498% since 2019.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: MasterCard, cross-border payments, money transfer, product upgrade, remittance
Categories: Payments & Commerce
Companies: Paysend
Countries: World
This article is part of category

Payments & Commerce


Discover all the Company news on Paysend and other articles related to Paysend in The Paypers News, Reports, and insights on the payments and fintech industry: