Paysend Announces Multicurrency Wallets In Collaboration With Currencycloud
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Currencycloud, a global payments provider, and Paysend, a UK-based cash transfer application have revealed the extension of their collaboration. This partnership seeks to boost Paysend’s offerings worldwide, providing customers with a wide range of solutions for cross-border currency exchange and money transfers.
Paysend Plans To Launch New Consumer-Facing Services And Products
The newly formed alliance will see Currencycloud use its expertise to enrich Paysend’s treasury and foreign exchange capabilities. Due to this, Paysend users can anticipate streamlined international cash movements across several regions like Asia-Pacific, Africa, the Middle East, Europe, and the US.
One of the major highlights of this alliance is the addition of multicurrency wallets to the Paysend application. This feature allows customers to possess up to 34 different currencies on one platform, providing convenience and flexibility for cross-border transactions.
Earlier, Currencycloud collaborated with TangoPay, a UK-based Fintech firm to boost its payment service for expatriate clients in the UK.
This partnership intends to provide localized payment options and real-time competitive exchange rates. TangoPay could access Currencycloud’s services to enhance many aspects of remittance transactions, streamline operations, and customize payment solutions.
Paysend clients will be granted access to payments through the Swift network extending the app’s payment options and global coverage. The firm will play an important role in assisting Paysend’s forthcoming consumer-facing services and products, scheduled for launch later this year.
Currencycloud Focuses On Making Worldwide Money Transfer More Inclusive
The Chief Executive Officer of Paysend, Ronnie Millar stated that the company has partnered with Currencycloud for many years now, and their collaboration continues to excel. He added that Currencycloud and Paysend have the same goal of making the worldwide money transfer industry more inclusive and simpler.
Businesses, Fintechs, and banks around the world can make better, bigger, braver steps forward with Currencycloud. It gives companies the ability to transfer funds internationally and transact worldwide in many currencies, fast. Their technology makes it effortless for customers to adopt digital wallets, and to integrate finance into the heart of their business.
As of 2012, Currencycloud has handled over $ 100 billion to more than 180 countries, partnering with Fintechs, financial institutions, and banks worldwide like Lunar, Penta, Revolut, and Starling Bank.
Located in London, with branches in Singapore, Cardiff, Amsterdam, and New York, Currencycloud collaborates with partners such as Mambu, GPS, Dwolla, and Visa, to provide clear, simple international infrastructure solutions for customers. Currencycloud is regulated in the EU, US, Canada, and the UK.
