Paysend, the UK-based global payments platform, has achieved a major milestone, reaching 10 million consumer customers worldwide. This accomplishment highlights Paysend’s impressive growth and strengthens its position in the rapidly expanding cross-border payments market, expected to hit USD$ 60 trillion by 2030.
Starting as a visionary startup, Paysend has become the world’s largest digital payment network, dedicated to providing simple, reliable money transfer solutions across the globe.
Certified by Mastercard, Visa, and China UnionPay, Paysend is renowned for its focus on transparency and accessibility. Its advanced payment infrastructure enables seamless transfers to cards, wallets, and bank accounts in over 170 countries from more than 50 locations. This broad reach serves both individual consumers and enterprise clients, attracting partnerships with major industry players like Mastercard, Western Union, and innovative companies such as Deel, highlighting Paysend’s growing influence in the global payments landscape.
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.
