Paysend, a UK-based global payments platform, announced on Thursday a strategic partnership with Mastercard starting in the UK and EEA. Paysend reported that through the partnership it will “boost” the potential of the new Paysend Global Account, combining its Global Transfer together with account/product services, so to boost Paysend market reach worldwide.
Paysend also revealed that Mastercard will support its global approach by offering a platform for strategic expansion, therefore increasing the capacity for inter-regional transactions. Ronald Millar, Co-Founder and CEO of Paysend, stated;
“Our partnership with Mastercard will bring even more freedom to Paysend customers who want to hold, spend and send their money on a global scale. We will be working with Mastercard on collaborations programmes to bring the benefits of our multi-currency service to more people around the world, so they can spend freely and flexibly on their travels.”
“We are thrilled to be able to partner with Paysend. This partnership is an important milestone in delivering choice of payments, in particular in a cross-border environment, and allowing people to pay how they want, anywhere, anytime.”
Founded in 2017, Paysend is the global fintech company and payments disruptor based in the UK. It is on a mission to change how money is moved around the world.
“We are the next generation money transfer platform allowing you to send funds from card to card from 45 to over 80 countries.”
Paysend then added that in January 2021, it reached the milestone of three million customers for its Global Transfer service,