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Paysend and Currencycloud Forge Partnership for Global Financial Expansion

In an era where digital transformation is reshaping the global financial landscape, strategic partnerships between fintech innovators are not just newsworthy; they are pivotal. The recent collaboration between Paysend and Currencycloud exemplifies this trend, marking a significant milestone in the quest to simplify and enhance global financial services. This partnership, aimed at expanding Paysend’s services worldwide with the support of Currencycloud’s infrastructure, is poised to redefine the way money moves across borders.


The alliance between Paysend, a global leader in the fintech sector, and Currencycloud, a trailblazer in providing international payment solutions, is a testament to the evolving dynamics of global finance. This collaboration is set to bolster Paysend’s foreign exchange (FX) and treasury capabilities, thereby facilitating seamless cross-border money movement flows across the US, EMEA, and Asia Pacific regions. More importantly, it grants Paysend customers access to multicurrency wallets, enabling them to hold up to 34 currencies within a single app, and introduces payments via the Swift network, significantly broadening Paysend’s global coverage. This deal not only strengthens the existing partnership between the two entities but also underscores their shared vision of making global money transfer more inclusive and straightforward.

Paysend fintech company logo

The importance of this deal in the global financial services sector cannot be overstated. By combining Paysend’s innovative money transfer services with Currencycloud’s robust payment infrastructure, this partnership is set to address some of the most pressing challenges in international finance, including high fees, complex processes, and lack of transparency. It represents a leap towards creating a more interconnected and accessible financial world, where individuals and businesses can move money effortlessly and affordably.

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About Paysend

Launched in April 2017 and headquartered in the United Kingdom, Paysend is a fintech company on a mission to revolutionize the way money is transferred globally. With a business model centered on simplifying international money transfers, Paysend has rapidly grown to serve over 8 million registered customers, offering its services in more than 180 countries. The company distinguishes itself through its commitment to fixed transfer fees, instant processing of transactions, and adherence to bank-level security standards. These unique selling propositions have not only set Paysend apart in a crowded marketplace but have also underscored its dedication to financial inclusion and innovation.

About Currencycloud

Currencycloud, established in 2012 and based in London, has emerged as a formidable force in the fintech industry, providing essential infrastructure for businesses to execute international payments. The company’s platform offers a suite of solutions, including virtual named accounts and multi-currency wallets, designed to facilitate the seamless movement of money across borders. With a track record of processing over $200 billion across 180 countries, Currencycloud has cemented its position as a key player in the financial technology space. Its client roster boasts some of the most prominent fintech companies, such as Starling Bank, Revolut, and Lunar, attesting to Currencycloud’s capability to empower businesses with innovative payment solutions.

The synergy between Paysend and Currencycloud in this landmark deal is a clear indicator of the transformative potential of fintech collaborations. By leveraging each other’s strengths, they are not just enhancing their offerings but are also paving the way for a future where financial services are more accessible, efficient, and transparent for everyone, everywhere.

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Details of the Partnership

The strategic partnership between Paysend and Currencycloud is set to significantly enhance the global financial services landscape through several key initiatives:

Paysend and Currencycloud's Deal Marks a Milestone in Fintech Collaboration
  • Expansion of Paysend’s FX and Treasury Capabilities: This partnership will bolster Paysend’s ability to offer competitive foreign exchange rates and treasury services, enabling more efficient and cost-effective cross-border transactions for its users.
  • Introduction of Multicurrency Wallets: Paysend customers will gain access to multicurrency wallets, supporting up to 34 currencies. This feature allows users to hold, manage, and exchange multiple currencies within a single app, streamlining the process of sending and receiving money internationally.
  • Enhancement of Paysend’s Global Remittance Offerings: In key markets such as the UK, EU, Canada, and the US, Paysend is set to expand its remittance services. Leveraging Currencycloud’s expertise, Paysend aims to provide its customers with cheaper, fairer, and more transparent remittance options, enabling them to send money to over 180 countries worldwide.
  • Future Plans for New Consumer-Facing Products and Services: Scheduled for release in late 2024, these upcoming offerings promise to further enrich the customer experience and meet the evolving needs of global consumers and businesses.

Impact on the Financial Ecosystem

The collaboration between Paysend and Currencycloud is poised to make a significant impact on the financial ecosystem by:

  • Facilitating a More Inclusive and Simpler Global Money Transfer Landscape: By simplifying the process of international money transfers, this partnership aims to make financial services more accessible to a broader audience, including underserved communities.
  • Contributing to the Digital Remittance Market: The enhanced remittance offerings are expected to provide a more affordable and transparent alternative to traditional money transfer services, thereby contributing positively to the digital remittance market.
  • Influencing Traditional Banking and Financial Services: The innovative fintech solutions introduced by this partnership are likely to challenge and influence traditional banking and financial services, pushing them towards greater efficiency, inclusivity, and customer-centricity.
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Future Outlook

The partnership between Paysend and Currencycloud holds the potential to set new standards in financial technology by:

  • Pioneering Innovations in Financial Services: The collaboration is expected to lead to the development of groundbreaking financial services that could redefine user expectations and experiences in the global money transfer domain.
  • Driving Fintech Innovation and Global Financial Inclusion: Strategic partnerships like this one are crucial for driving fintech innovation and promoting global financial inclusion, ensuring that cutting-edge financial solutions are accessible to all, regardless of geographic location or economic status.


The strategic partnership between Paysend and Currencycloud marks a significant milestone in the fintech industry, underscoring the power of collaboration in driving innovation and inclusivity in global financial services. By combining their strengths, Paysend and Currencycloud are not only enhancing their own offerings but are also contributing to a more accessible, efficient, and transparent financial ecosystem. As they move forward with their ambitious plans, the potential long-term impacts of this partnership on the global financial services industry are vast and promising. This collaboration serves as a model for how strategic alliances can pave the way for a future where financial services are more aligned with the needs of the global population, fostering greater financial inclusion and empowerment.

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