How they describe themselves: PaySend is an international payments and money remittance business registered in EU helping millions of users to pay and send money to key destinations using simple digital tokens. PaySend is using its proprietary and highly scalable platform to drive the costs of remittances down and serve people in both developed countries as well as developing regions. To do that PaySend facilitates its knowledge and partnership with leading card schemes, banks and local service providers to give a simple mean of sending money. We start in late Q1 in selected international markets like Europe, CIS, China and selected countries of LatAm.
How they describe their product/innovation: PaySend money remittance platform is leveraging Visa and MasterCard networks to help banks and schemes facilitate an efficient remittance network, all important for meeting global financial inclusion goals.
- Simplifies remittances by using payment cards
- Tokenizes card data in demand for social-based transfers
- Leverages global partnership network for decreased cost of sending money
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
Bus. Dev.: Alexander Bessonov, email@example.com
Press & Sales: Mike Rogov, Head of Sales, firstname.lastname@example.org