Global partnership for fintech Paysend and Mastercard
Scottish fintech Paysend just announced a strategic partnership with Mastercard.
The partnership will increase Paysendâ€™s global reach and bring better outcomes for both businessesâ€™ customers.
2021 is shaping to be a very successful year for Paysend after announcing they had reached 3 million customers in January Â as well as having experienced hypergrowth from the beginning of the COVID19 pandemic, since their technology enable customers to manage their money in a safe, secure, fast and low-cost way.
Thanks to this partnership will boost the new Paysend Global Account, combining its Global Transfer together with account/product services. It will alsoÂ offer a platform for strategic expansion in order to Â increase the capacity for inter-regional transactions.
Ronald Millar, Co-Founder & CEO of Paysend said
â€œOur 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 travelsâ€.
Jason Lane, Executive Vice President Market Development Europe at Mastercard added:
â€œWe 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.â€