Paysend launches Paysend 4.0: a new digital money app designed to manage all your payments needs from just one place.


Global FinTech Paysend today announces the global rollout of its new Paysend 4.0 app, combining the firm’s international transfers, multicurrency accounts and cross-border payments in a simple, top performing, all-in-one digital APP. The launch started in UK and is being rolled-out all over Europe.

Paysend just completed a B-Round investment for 125M $ and is boosting its innovation pipeline through innovative products that are able to save time, save money and service millions of people all over the world with the most advanced technology and for a seamless experience. The Paysend product team has been growing with several top-class engineers and developers all committed to create and deliver the next generation of digital money products.

The new Paysend 4.0 is a fully upgraded version on existing Global Transfers app. It embeds several important features like Money Transfer, a multi-currency Global Account and a physical and virtual card. Its multi-currency account allows users to open different currency wallets, hold up to several currencies at any one time (GBP, USD, EUR, CHF, CNY, PLN, CZK), and switch between them instantly so you can send money to over 128 countries in the world. These currencies can then be linked to the Paysend Mastercard or in-app Virtual Card and be used for online purchases, everyday purchases or at ATMs worldwide with low fees. Customers can add all their existing banks on this one app, and they can view all their balances and bank statements of the last 90 days on Paysend.

The multi-currency account and Paysend cards are designed for people who live, travel and work abroad. The easy-to-use mobile app also embeds a simpler on-boarding process and is truly the perfect bank alternative. The new improved onboarding experience lets the Paysend customers start their first transaction in less than 5 mins, removing the hassle of setting up an international account through a traditional banking provider.

Meanwhile, the new Paysend 4.0 app retains the powerful international payment processing of Paysend Global Transfers, letting users make card-to-card transfers to any Visa, Masterсard or Union Pay cards, Alipay accounts, and to regular bank accounts in over 120 countries through its faster outbound and inbound system. Customers can now move funds from their existing bank accounts seamlessly without the hassle of adding accounts as beneficiary. It has also added the cash pick up feature which is of great value in several countries.

“We want to change the way deal with money, connecting millions of people around the globe in a seamless way.The new Paysend 4.0 is an app that will make the life of customers so much easier: with low, fixed fees, an intuitive and simple interface, amazing rates, and of course our powerful digital technology” Abhishek Tripathi, Head of Product at Paysend said. “In this day and age, consumers want to manage their money on their terms, wherever in the world they are. The new Paysend app is a revolutionary tool to do this, in a way that is instant, borderless and affordable. Security, convenience and flexibility are the foundations on which we’ve built the new app, and we’re delighted to help millions of people every day with it. The Product Team at Paysend has been working with drive and passion to provide a new level of experience for all customers, and this is just the start of our innovation journey to create the money for the future.”

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