PaySend Unveils Its Five-Year Roadmap: Exploring the Adaptive Approach of the Money Transfers Pioneer
Paysend Expands Cross-Border Payment Services for Businesses
In a move to revolutionize the cross-border payments industry, Paysend, a fintech company founded in 2017, has announced its expansion of services to business customers, including Small and Medium-sized Enterprises (SMBs) and larger enterprise clients.
Paysend's strategy for cross-border payments is evolving, with a focus on real-time money transfer capabilities, increasing the number of supported countries, integrating popular local payment methods, and enhancing its global network interoperability. The company plans to further develop its enterprise platform by rapidly rolling out alternative payment methods (APMs) through API partnerships, strengthening local payment capabilities, and broadening its global payment ecosystem to support diverse payment channels and currencies.
Key elements of Paysend’s evolving strategy include real-time transfers, global expansion, local payment method integration, cross-network interoperability, and enterprise platform development. U.S. customers can now send funds directly to over 60 countries via Mastercard cards, enabling recipients to receive money within minutes by leveraging Mastercard Send. Paysend currently supports transfers to over 170 countries and has recently expanded its global payments network by adding 50 new countries.
To accelerate adoption and enhance user experience in key markets, Paysend integrates popular local payment options such as Blik (Poland), IDeal (Netherlands), and MBway (Portugal) through partnerships with API providers like Nuvei. The company supports interoperability across major card networks — Visa, Mastercard, China UnionPay — and local payment schemes (ACH and others), offering over 40 payment methods.
By partnering with companies like Nuvei and expanding payment method options, Paysend accelerates its enterprise platform growth, enhancing its capability to serve SMBs and larger enterprises with end-to-end, multi-currency, cross-border payment solutions.
Looking ahead, Paysend plans to evolve its strategy over the coming years, with virtual cards among the evolving products being developed. The future of cross-border payments is a topic of discussion in relation to Paysend's strategy, with owning the network considered crucial for Paysend's enterprise play. The infrastructure development of Paysend is a key focus area.
Paysend has secured partnerships with local players, key networks, and is a direct member of Mastercard, Visa, and China UnionPay. Key members of Paysend's senior management, such as Daniel Webber and Lucy Ingham, are driving this strategic evolution. The LinkedIn profiles of Daniel Webber and Lucy Ingham can be found online for those interested in learning more about the leadership team.
In addition to its business expansion, Paysend is also catering to its services to enterprise customers, including SMBs and larger enterprise clients. In 2020, Paysend launched a consumer multicurrency account, and the company is now expanding its services in Latin America. Paysend operates in over 170 receive markets across six continents.
In an exclusive interview, we speak to key members of Paysend's senior management to discuss its ongoing strategy and vision for the future of cross-border payments.
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