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Paysend Celebrates 10 Million Consumer Customers Milestone: Simplifying Cross-Border Payments for Everyone
In a significant milestone for the fintech industry, Paysend, the UK-based global payments platform, has announced reaching 10 million consumer customers worldwide. This achievement underscores Paysend’s remarkable growth and solidifies its position in the cross-border payments market, which is projected to reach USD$ 60 trillion by 2030. From its beginnings as a visionary startup, Paysend has evolved into the world’s largest digital payment network, embodying its mission of delivering the simplest money transfer solutions globally.
A certified processor for Mastercard, Visa, and China UnionPay, Paysend is known for its commitment to transparency and accessibility. The company’s innovative payment infrastructure facilitates seamless money transfers to cards, wallets, and accounts in over 170 countries from more than 50 sending locations. This extensive reach caters to individual consumers and enterprise clients alike, attracting partnerships with industry leaders such as Mastercard and Western Union, as well as innovative firms like Deel, underscoring Paysend’s growing influence in the global payments ecosystem.
Abdul Abdulkerimov, Founder and Executive Chairman of Paysend, commented:
“This milestone reflects the significant impact our payment technology platform has on millions of consumers and enterprises worldwide. As the largest global digital network with over 25 billion endpoints, our mission is to simplify international payments for everyone. We extend our heartfelt thanks to all our customers with great pride and gratitude.”
Paysend’s dedication is reflected in its impressive metrics: over 15 million downloads of the Paysend app on Google Play and an 85% ‘excellent’ rating from more than 34,000 Trustpilot reviews. Despite these achievements, Paysend considers them just the beginning of its journey, with an unwavering focus on continued growth and innovation.
Jairo Riveros, Group Head of Strategy and Managing Director for the Americas, added:
“Reaching over 10 million consumer customers worldwide is a testament to the strength of the extensive network we’ve built with our strategic partners. Our commitment remains steadfast: to make money transfers simple, fast, and accessible for everyone, including the unbanked. We sincerely thank our customers and partners for their trust and support.”
Paysend continues to drive innovation, highlighted by the 2024 launch of “Libre,” a groundbreaking feature that enables money transfers using just a phone number. This advancement reinforces Paysend’s position as a leader in payment technology and as the world’s largest digital payment network. Additionally, Paysend’s partnership with TelevisaUnivision, the largest Spanish-language broadcast network in the U.S., provides a unique opportunity to connect with the world’s largest remittance market, amplifying the company’s reach and impact and further solidifying it as a frontrunner in the cross-border payments market.
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