Paysend, the card-to-card innovator and international payments platform, has surpassed five million users, with 1.5 million joining in the last six months alone. Paysend is one of the world’s fastest growing FinTechs, originally founded less than five years ago.

Paysend’s platform is exceptional because it controls the entire payment value chain. It eliminates the need for outsourcing acquirers or processors, which significantly raise cost and complexity. This results in savings and efficiency for consumers and small and medium-sized businesses. Customers on the platform can reach over 135 countries around the world for as little as 1 USD using any mobile device.

Paysend is focused on organic growth and has consistently maintained positive unit economics since its founding, with industry-leading customer acquisition costs of less than $10 per customer. The five million customer milestone comes as a result of continued investment in technology, innovation, and expansion, all of which are aimed at increasing financial inclusion on a large scale.

Paysend has consistently re-invested in individuals and patented technology to build skills that maximize customer value, with Trustpilot, an independent consumer review organization, rating the company highly for convenience, speed, and value. In 2021, the company has made substantial progress in expanding and improving its global payments system with Plaid, Mastercard, and Visa, and has increased its employee count to over 500 people globally. They are focused on mobilizing key target regions such as North America, the Middle East, and Asia-Pacific in the forthcoming future.

The international payments market is still expensive and inefficient for users, with many people facing barriers of entry. 70% of international payments are still cash-to-cash, resulting in high fees of up to 5.2 percent per transaction and an hour spent by both the receiver and the sender to complete each transfer.  Paysend’s next generation transactions reduce fees by up to 60% and allow for instant transfers via the Paysend app, unlocking up to $5.4 billion in annual savings for consumers and SMEs by 2025 and saving millions of hours of process administration.

Paysend’s platform can lower economic barriers to entry in the payment processing market by providing easy accessibility to transfer money to any card holder anywhere in the world, connecting 12 billion customers and merchants worldwide.

About Paysend

Paysend is a next-generation integrated global payment ecosystem that enables businesses and consumers to conduct online transactions in any currency and at any time. Paysend is based in the United Kingdom and has a global reach. It was founded in April 2017 with the clear mission of changing the way money is moved around the world. Paysend currently supports global cross-network operational capability across Mastercard, Visa, China UnionPay, and local ACH and payment schemes, offering more than 40 payment methods to online SMEs.

For more information, visit https://paysend.com/

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