Paysend Welcomes 300,000 US Customers In 9 Months As Demand For International Digital Money Transfers Grows

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Since the company’s launch in the United States in September 2020, digital money transfers have seen a huge boom supported by the COVID-19 pandemic. The market was estimated to be $ 16.3 billion in 2020 and increased almost 9% to reach $ 17.69 billion in 2021.

Global end-to-end payments provider Paysend today announced that more than 300,000 U.S. customers have used its platform to send digital money transfers across borders in the past three quarters.

Since the company’s launch in the United States in September 2020, digital money transfers have seen a huge boom supported by the COVID-19 pandemic. The market was estimated to be $ 16.3 billion in 2020 and increased almost 9% to reach $ 17.69 billion in 2021.

As a result, Paysend’s domestic and global business activity has accelerated. For example, money transfer services saw a 214% increase in outbound transfer activity in the US from September 2020 to June 2021. Additionally, the UK-based company recently secured funding Series B $ 125 million to accelerate the expansion of its payments platform. And globally, Paysend has registered more than 4 million customers for its digital money transfer services to date.

“Paysend fills a void that has long existed in America: an inexpensive and convenient way to send money to loved ones across borders,” said Matt Montes, US president of Paysend. “We anticipate that our double-digit monthly customer growth will only accelerate as we announce new strategic partnerships, more transfer countries and additional services in the coming months.”

To join the over 4 million people who already use Paysend to send money abroad, create a Paysend account and download the Paysend mobile app from the App Store or Google Play.

About Paysend

Paysend is a next-generation integrated global payments ecosystem that enables consumers and businesses to pay, hold, and send money online anywhere, anytime, and in any currency. Paysend is based in the UK with a global reach and was established in April 2017 with a clear mission to change the way money is moved around the world.

Paysend currently supports connections between 12 billion cards worldwide via Mastercard, Visa, China UnionPay and local card systems and provides more than 40 payment methods for SMEs online. Paysend operates in more than 50 countries around the world and currently has more than 4 million customers and 135,000 companies on its platform. Paysend has a large network of partners and recently signed a partnership with Alipay to expand their reach in China as well as launch services in the United States, the world’s largest payments market.

Paysend is money for the future.

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