MIAMI, March 8, 2022 /PRNewswire-HISPANIC PR WIRE/ — Paymentthe card-to-card pioneer and international payments platform, today announced that its US customers can now send funds directly to eligible Mastercard cards in more than 60 countries, including Mexico, Guatemala, Dominican Republic, Honduras, El Salvador and Colombia, as well as in the US Recipients will usually see the money appear on their cards within minutes. By leveraging Mastercard Send, a payment platform that enables individuals and organizations to send and receive money in near real-time, domestically and cross-border, Paysend is able to continue making money transfers more widely available and accessible digital money.

Jairo RiverosChief Strategy Officer and Managing Director for the US and LATAM at Paysend, said, “With this new feature, US residents can easily transfer money to friends and family around the world, directly on an eligible Mastercard. There’s no shortage of apps for For example, a parent can quickly send money to a child studying abroad, a neighbor can securely pay another neighbor for a used item, family members can quickly send money to help pay for medical bills and groceries, and much more.”

With more than 20 million migrants from Latin America residing in the United States, Latin American countries are recording record flows of remittances. According to the World Bank1remittances flow to Latin America increased by 21.6% in 2021 compared to 2020.

Riveros added, “International remittances to the region serve as a safety net for millions of Latin America and are an important source of funding for economic development. Our service provides an easy, fast and secure way to get money moving across the region and into the hands of those who need it most.”

Alex BessonovHead of Network Development and Strategic Partnerships at Paysend, said: “The global pandemic has continued to propel contactless payments and transactions to new heights. digital money to support their friends and family around the world, Paysend continues to lower the barriers to entry for global payments.”

This news follows several Paysend partnerships, platform enhancements, and growth milestones, all focused on connecting friends and family across the globe. Globally, the company has acquired more than five million customers and achieved 14,498% growth over the past four years.

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Paysend is an integrated, next-generation global payment ecosystem, enabling consumers and businesses to pay and send money online anywhere, anyhow, and in any currency. Paysend is based in the UK and has a global reach having been established in April 2017 with a clear mission to change the way money is moved around the world. Paysend currently supports cross-network operability globally across Mastercard, Visa, China UnionPay and local ACH and payment systems, providing over 40 payment methods for online SMBs.

Paysend can send money to over 150 countries worldwide and has attracted over five million consumers to its platform. As an end-to-end global payment platform, Paysend has its own global network of international and local banks and payment systems and has partnerships with major international card networks Visa, Mastercard and chinese union salary as a core member and certified processor.

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1(2021, November 17). Remittance flows show robust growth of 7.3% in 2021.


SOURCE Payment

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