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Paysend partners with Currencycloud to expand the capabilities of Paysend Business

By Joy Dumasia

August 24, 2022

  • Cross Border Payments
  • Currencycloud
  • Digital Payments
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Paysend, the UK-based FinTech which has over 7m customers, has partnered with Currencycloud, the experts in simplifying business in a multi-currency world, to expand the capabilities of Paysend Business, its new digital end-to-end payments solution created to help small to medium enterprises (SMEs) take control of their financial health and accelerate their growth. 

The newly launched Business product is integral to the company’s goal of making money movement around the world easier for SMEs. Paysend Business removes the complexities SMEs face when making international payments, giving them access to a suite of international payment options, including SWIFT, local payment rails and payments to cards, all from one simple, centralized platform.

The partnership with Currencycloud allows Paysend Business to offer SMEs a much more efficient and transparent way of making cross-border transactions. They can now effortlessly move money across the globe to more than 180 countries without the hassle of setting up local bank accounts. Using Currencycloud’s APIs, Paysend Business’ SME clients can easily receive funds by SWIFT and collect and hold up to 34 currencies. They can seamlessly convert these funds back to the required currency at competitive FX rates.

Richard Armstrong, Head of Product for Paysend Business, said: “Businesses are looking for a one-stop solution that meets all their domestic and international payment requirements efficiently and securely. With the benefit of access to a full range of multi-currency accounts, businesses working with Paysend can scale their international operations quickly and securely.” 

Nick Cheetham, Chief Revenue Officer at Currencycloud, said: “The launch of Paysend Business shows how committed Paysend is in opening up international markets to SMEs. Like Paysend Business, we are committed to making finance accessible to businesses of all sizes, and this new product makes global expansion a reality for SMEs.” 

Recently, IBS Intelligence reported that Paysend, the UK-based FinTech with over 7m customers, announced the launch of the Paysend Store for merchants in the UK. The free, no-code solution enables entrepreneurs in the UK to set up an online store and immediately start selling their products with no technology development or third-party IT integration required.

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