Paysend, the UK-based Fintech which has over 7 million customers , has partnered with Currencycloud, the experts in simplifying business in a multi-currency world, to expand the capabilities of Paysend Business, its new digital end-to-end payments solution created to help small to medium enterprises (SMEs) take control of their financial health and accelerate their growth.
Paysend’s newly launched Business product is integral to the company’s goal of making money movement around the world easier for SMEs. Paysend Business removes the complexities SMEs face when making international payments, giving them access to a suite of international payment options including SWIFT, local payment rails and payments to cards all from one simple, centralized platform.
The partnership with Currencycloud allows Paysend Business to offer SMEs a much more efficient and transparent way of making cross-border transactions. They can now effortlessly move money across the globe to more than 180 countries without the hassle of setting up local bank accounts. Using Currencycloud’s APIs, Paysend Business’ SME clients can receive funds by SWIFT and collect and hold up to 34 currencies with ease. They can seamlessly convert these funds back to the required currency at competitive FX rates.
Richard Armstrong, Head of Product for Paysend Business says, “Businesses are looking for a one-stop solution that meets all their domestic and international payment requirements efficiently and securely. With the benefit of access to a full range of multi-currency accounts, businesses working with Paysend can scale their international operations quickly and securely.”
Nick Cheetham, Chief Revenue Officer at Currencycloud says, “The launch of Paysend Business shows how committed Paysend is in opening up international markets to SMEs. Like Paysend Business, we are committed to making finance accessible to businesses of all sizes and this new product makes global expansion a reality for SMEs.”
Paysend Business is available for businesses now.
Notes to editors
Currencycloud: Matt Rowntree: [email protected]
Paysend: Alan Duerden: +44(0)7841 028307 / [email protected]
Paysend is a next-generation integrated global payment ecosystem, enabling consumers and businesses to pay and send money online anywhere, anyhow and in any currency. Paysend is UK-based and has global reach having been created in April 2017 with the clear mission to change how money is moved around the world. Paysend currently supports cross-network operability globally across Mastercard, Visa, China UnionPay and local ACH and payment schemes, providing over 40 payment methods for online SMEs.
Paysend can send money to over 150 countries worldwide and has attracted more than seven million consumers to its platform. As a global end-to-end payment platform, Paysend has its own global network of banks and international and local payment systems and has partnerships with the major international card networks Visa, Mastercard and China Union Pay as a principal member and certified processor.
Banks, Fintechs and businesses everywhere can make bigger, better, bolder leaps with Currencycloud, a Visa solution.
Currencycloud gives businesses the capability to move money across borders, and transact globally in multiple currencies, fast. Experts at what they do, their technology makes it easy for clients to embrace digital wallets, and to embed finance into the core of their business – no matter what industry they’re in.
Since 2012, Currencycloud has processed more than $100bn to over 180 countries, working with banks, financial institutions and Fintechs around the world, including Starling Bank, Revolut and Lunar. Based in London with offices in New York, Amsterdam, Cardiff, and Singapore, Currencycloud works with partners including Visa, Dwolla, GPS and Mambu to deliver simple, clear cross-border infrastructure solutions for clients. They are regulated in the UK, Canada, US, the EU and Australia, and were acquired by Visa in December 2021.