UK-based fintech company Paysend has announced a partnership with Western Union to offer more options to its clients.
The partnership is primarily aimed at providing seamless and efficient cross-border money transfers. The integration with Western Union will allow Paysend users to send money directly to Visa and Mastercard debit cards using Western Union's digital solution.
Paysend's single API solution seamlessly processes Western Union client payments directly to Visa and Mastercard debit cards, providing near-instant payments at current exchange rates 24 hours a day, 7 days a week, 365 days a year, according to PR Newswire.
"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," said Abdul Abdulkerimov, Executive Chairman and Co-Founder of Paysend, commenting on the partnership.
"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".
It is worth noting that the two companies had earlier launched a pilot program that allowed users to send money from the U.S. and the UK to Pakistan, the UK, and Spain.
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