Paysend Launches Business Solution to Power Small Business Payments

Paysend has launched a business solution to provide small- to medium-sized businesses (SMBs) worldwide with end-to-end payments and other tools to boost growth and diversify, according to a Wednesday (June 15) press release.

London-based Paysend is a next-generation money transfer platform that enables people to send funds in any currency directly to a Visa, Mastercard or China UnionPay card in more than 150 countries, the release stated. The startup works with more than 7 million customers.

See also: Paysend CEO Says Cross-Border Payments Have Failed Consumers and SMBs

With its new business offering, Paysend is aiming to create more opportunities for SMBs by providing tools for customer growth and supply chain diversification, according to the release. The product allows SMBs to send, hold and receive digital payments in multiple currencies using myriad payment gateways, including Apple Pay and Google Pay.

Paysend Business is a single solution that enables SMBs to accept payments online from Visa and Mastercard debit and credit cards in over 38 currencies and in more than 190 countries, the release stated. The solution also offers next-day settlement and instant payments.

SMBs can also create a seamless checkout experience for their customers through plugin integrations with eCommerce platforms such as Woocommerce.

Read also: Cross-Border Payments in Focus as Supply Chains Rebound From Pandemic

“Businesses are looking for more efficient and secure ways of processing payments and managing their wider financial needs,” said Paysend Head of Business Ashley Mallett in the release. “We are addressing this gap by providing a one-stop-shop online financial ecosystem that can offer [SMBs] fully integrated, affordable and time-efficient financial services.”

Faster settlement and transfers as well as clear pricing help SMBs with operations efficiency and let them focus on their customers and offerings, Mallett added in the release.