Paysend, a payments Fintech based in the UK, has announced a new partnership with Currencycloud – a global transaction platform and part of Visa.
Paysend said the partnership will enable it to expand the capabilities of Paysend Business, a new digital end-to-end payments solution created to help small to medium enterprises (SMEs). Paysend Business is described as removing 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 in a centralized platform.
Paysend Business will now offer SMEs a more efficient and transparent way of making cross-border transactions, providing access to more than 180 countries without the need of setting up local bank accounts.
Richard Armstrong, Head of Product for Paysend Business, explained that businesses are looking for a one-stop solution that meets all their domestic and international payment needs.
“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, said the launch of Paysend Business shows how committed Paysend is in opening up international markets to SMEs.
Paysend reports over 7 million customers.
Since 2012, Currencycloud reports that it processed more than $100 billion to over 180 countries, working with banks, financial institutions and Fintechs around the world.