Fintech Firm Paysend Enters Partnership to Bring Money Transfers to 60M Hispanic Americans

Paysend, the global card-to-card payments platform, has announced a new multi-year partnership with the Spanish-language content and media company, TelevisaUnivision.

As part of the partnership, TelevisaUnivision will “become a shareholder in Paysend and will help the brand scale its presence with U.S. Hispanics and Latinos globally by leveraging TelevisaUnivision’s massive reach and media assets.”

For TelevisaUnivision, this partnership reinforces its commitment “to empowering its audience with the tools they need to stay connected to their families and communities, no matter where they are.”

The U.S./LATAM corridor is “a top priority for Paysend, serving the 62M Hispanic population based in the U.S., representing 20% of the overall population.”

Currently, a significant population in Latin America “is unbanked, but still rely on money being sent from family members that have migrated to the U.S.”

Without a bank account, they “have little option but to use expensive, time-consuming, and unsafe methods to send and receive remittances.”

Paysend’s commitment to financial inclusion now “brings a safe and rapid alternative through its affordable card-to-card offering.”

With this partnership, TelevisaUnivision joins Paysend’s mission “to make money transfers simple and accessible to everyone.”

The partnership will “allow Paysend to expand its global reach and further develop its technology, making it easier for users in the U.S. to send money to families and businesses in Latin America.”

As covered, Paysend claims it 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 170 countries worldwide.”

As a global end-to-end payment platform, Paysend reportedly “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.”

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