Breaking News
Paysend Announces Agreement with Western Union to Bolster Global Money Transfer Services
Paysend, a card-to-card and international payments platform, today announced an agreement with Western Union to provide seamless and efficient cross-border money transfer capabilities. Paysend’s integration with Western Union will enhance consumers’ ability to send funds using Western Union’s branded digital solution directly to Visa and Mastercard debit cards.
Abdul Abdulkerimov, Executive Chairman and Co-Founder of Paysend, expressed his excitement about the collaboration, saying, “Paysend’s mission is to make money transfer easier for everyone. We are thrilled to join forces with Western Union, a company known for its global reach and commitment to financial inclusion. Together, we will empower millions with accessible cross-border money transfer services.”
In 2022, the World Bank reported that remittances grew 5% to over $800 billion, playing a crucial role in sustaining communities and fuelling economic growth. Paysend’s single API solution ensures seamless processing of Western Union customer payments direct to Visa and Mastercard debit cards, delivering near-instant payouts at live FX rates, 24/7, 365 days a year.
“Western Union and Paysend share an unwavering commitment to place our customers first, while providing an exceptional experience when sending money to friends and family,” said Sheryl McKenzie, Chief Product Officer, Western Union. “This agreement gives our customers more choice, convenience, and access to affordable financial services, at the same time, helping build better lives for countless people around the world.”
The two organisations recently launched an initial pilot program with the ability to send money from the U.S. and the U.K. to Pakistan, the U.K. and Spain. Plans include adding additional countries in the near future.
This partnership marks the latest development in an active period for Paysend, following the announcement of network expansions with Visa and Mastercard in September.
- Kanastra Raises $30 Million Series B from F-Prime to Spearhead Brazil’s Private Credit Infrastructure Development Read more
- I&M Bank Launches Tanzania’s First Mastercard World Elite Debit and Multi-Currency Prepaid Cards on OpenWay’s Way4 Platform Read more
- Sage Unveils Next-Generation, Integrated Cloud HR & Payroll Solution for Mid-Sized Businesses in South Africa Read more
- Atom Bank Bolsters Family Support By Increasing Maternity and Paternity Leave Read more
- EXCLUSIVE: “To Boldly Go…” – Toine van Beusekom, Icon Solutions in ‘Discover Sibos 2025 Read more
Kanastra Raises $30 Million Series B from F-Prime to Spearhead Brazil’s Private Credit Infrastructure Development
Kanastra, a financial technology company providing technology infrastructure and services for private credit funds and securitizations, today announced a $30 million Series B round led by F-Prime, with contributions from the International Finance Corporation (IFC), the World Bank's investment arm, as well as follow-on investments from current investors Kaszek, Valor Capital, Quona Capital and Itaú, Latin America's largest bank. The new capital will be used to accelerate product development, deepen automation across the private credit funds lifecycle, and expand Kanastra's client base.
I&M Bank Launches Tanzania’s First Mastercard World Elite Debit and Multi-Currency Prepaid Cards on OpenWay’s Way4 Platform
I&M Bank Tanzania, in partnership with Mastercard and OpenWay, has introduced the country's first Mastercard World Elite debit and multi-currency prepaid cards. Powered by OpenWay's Way4 digital payments platform, the new products cater to the evolving needs of Tanzania's affluent and middle-market customers by offering lifestyle privileges, advanced security, and seamless international transactions.
Sage Unveils Next-Generation, Integrated Cloud HR & Payroll Solution for Mid-Sized Businesses in South Africa
Today, Sage, the global leader in accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs), launches its integrated Sage HR & Payroll Advanced solution for mid-market companies in South Africa. Targeted at organisations with high-complexity payroll needs, the all-in-one, cloud-based payroll and HR software is a powerful step forward in simplifying how mid-sized businesses pay, manage and engage their people.
Atom Bank Bolsters Family Support By Increasing Maternity and Paternity Leave
Atom bank, the saving and lending specialist, has today announced a significant enhancement to its maternity and paternity leave policies.
DailyPay Appoints Accomplished Technology and Product Leader Poulomi Damany As Chief Product Officer
DailyPay has appointed Poulomi Damany as its Chief Product Officer and will be responsible for unifying and optimizing their product
Addepar’s Global Expansion Accelerates with New Switzerland Office
Addepar announced the opening of its new office in Switzerland marking its latest step in their mission to connect the global investment ecosystem
Nuvei Launches First AI Integration Agent to Accelerate Client Onboarding
Nuvei announced the launch of its AI-powered Integration Agent to enable merchants and partners to connect to its global payments infrastructure in hours
Kanastra Raises $30 Million Series B from F-Prime to Spearhead Brazil’s Private Credit Infrastructure Development
Kanastra, a financial technology company providing technology infrastructure and services for private credit funds and securitizations, today announced a $30 million Series B round led by F-Prime, with contributions from the International Finance Corporation (IFC), the World Bank's investment arm, as well as follow-on investments from current investors Kaszek, Valor Capital, Quona Capital and Itaú, Latin America's largest bank. The new capital will be used to accelerate product development, deepen automation across the private credit funds lifecycle, and expand Kanastra's client base.
I&M Bank Launches Tanzania’s First Mastercard World Elite Debit and Multi-Currency Prepaid Cards on OpenWay’s Way4 Platform
I&M Bank Tanzania, in partnership with Mastercard and OpenWay, has introduced the country's first Mastercard World Elite debit and multi-currency prepaid cards. Powered by OpenWay's Way4 digital payments platform, the new products cater to the evolving needs of Tanzania's affluent and middle-market customers by offering lifestyle privileges, advanced security, and seamless international transactions.
Sage Unveils Next-Generation, Integrated Cloud HR & Payroll Solution for Mid-Sized Businesses in South Africa
Today, Sage, the global leader in accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs), launches its integrated Sage HR & Payroll Advanced solution for mid-market companies in South Africa. Targeted at organisations with high-complexity payroll needs, the all-in-one, cloud-based payroll and HR software is a powerful step forward in simplifying how mid-sized businesses pay, manage and engage their people.
Atom Bank Bolsters Family Support By Increasing Maternity and Paternity Leave
Atom bank, the saving and lending specialist, has today announced a significant enhancement to its maternity and paternity leave policies.
EXCLUSIVE: “To Boldly Go…” – Toine van Beusekom, Icon Solutions in ‘Discover Sibos 2025
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Owen Morton and the Fintech Behind Daily Payouts: A New Standard for Prop Firms
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
EXCLUSIVE: “Turning Back the Tide” – Maya Tuyen Reisinger, G+D and Simon Rosenberger, Parley for the Oceans in ‘The Fintech Magazine’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]