" class="no-js "lang="en-US"> Paysend Partners with Purpl to extend Money Transfer to Lebanon - Fintech Finance
Tuesday, April 23, 2024

Paysend Partners with Purpl to extend Money Transfer to Lebanon

Paysend, the UK-based fintech with over 7 million customers, today announces a commercial partnership with Purpl, the Lebanese remittance and cash out platform, enabling the 20 million Lebanese around the world to send money to their loved ones back home. Features such as low fixed fees on money transfers, competitive exchange rates, and the ability to receive instant international payments will change how communities in Lebanon manage their money internationally.

As more and more people around the world require fast, cheap and reliable services to help them send funds, Paysend continues to expand the reach of its network and the number of countries that its customers can send money to, in order to help them to stay connected and transfer money to their friends, family, and loved ones.

“We know that today the majority of Lebanese consumers’ financial lifelines are the remittances they receive from their loved ones abroad, yet the costs of these remittances keep on increasing and the user experience keeps on deteriorating. We’re delighted to partner with Paysend, both providing broadscale global reach, instant transfers, and costs that are materially lower than we currently see,” says Karl Naïm, co-founder and CEO at Purpl.

Alex Budyakov, Head of Enterprise and Network Partnerships at Paysend, said: “We’re excited to be partnering with an organization like Purpl whose objectives around financial inclusion and bringing money transfer services to those that need them most are so aligned to Paysend’s ambitions. Through this partnership Lebanese people all over the world will be able to connect and support their family, friends and loved ones through quicker, more affordable and more secure money transfers.”

People In This Post

Companies In This Post

  1. Abacus Group Enhances its Managed IT and Cybersecurity Services for Evolving Needs of Financial Services Read more
  2. UK Finance Publishes Report to Facilitate Commercial Variable Recurring Payments Read more
  3. Pikl Launches Industry-first Insurance-backed Flexible Cancellation Product to Put Vacation Rental Bookings on Equal Footing With Hotels Read more
  4. North East Leaders and Businesses Meet in Newcastle to Discuss How Open Banking is Helping SMEs and Citizens Read more
  5. Nium and Kapronasia Partner to Shed Light on Cross-Border B2B Payments Challenges in Asia Read more