Paysend, a UK-based global payments platform, announced on Thursday the launch of its international mobile money account, the Global Account. According to PaySend, the Global Account’s main goal is to help consumers save up to £2 billion in currency conversions when spending money abroad or on oversea websites.
“The Global Account enables users to pay, hold and spend their money when travelling through a multi-currency wallet, removing many of these fees.”
PaySend also reported that the Global Account enables customers to transfer money internationally from within the app directly to other Global Account users, which integrates the company’s global money transfer service, Global Transfers, into a single app. The Global Account does include a pay later feature that provides users with up to £200 credit to make purchases, with interest-free repayments over 14-days. Speaking about the account, Abhishek Tripathi, Head of Business for Paysend Global Account, stated:
“We have been working hard to enable the best Paysend technology to really deliver an amazing product experience. That’s why our new Global Account, which makes it easier for people to pay, hold and spend money globally is a truly innovative product. The multi-currency wallet transforms the Paysend Mastercard into a local currency card wherever users are.”
Alberto Macciani, CMO at Paysend, then added:
“We live in a world which seems to want to put up new borders, so we need innovative ways of helping people to overcome those. Millions of people travel each day and struggle with the cost and complexity of traditional products and services. Our new Global Account gives everyone the opportunity to manage their money more efficiently and seamlessly in a global world.”