TelevisaUnivision, a Spanish language content and media company, will use its reach to help Paysend scale the presence of its global card-to-card payments platform in the United States and globally, Paysend said in a Monday (May 8) press release.
“Currently, a significant population in Latin America is unbanked but still rely on money being sent from family members that have migrated to the U.S.,” Paysend said in the release. “Without a bank account, they have little option but to use expensive, time-consuming and unsafe methods to send and receive remittances.”
Paysend’s global payment ecosystem can send money to over 170 countries worldwide, using its network of banks and international and local payment systems and partnerships with major international card networks, according to the release.
The U.S./Latin American corridor is a top priority for Paysend, as that corridor serves 62 million potential customers based in the U.S., and the Paysend platform enables users in the U.S. to send money to both families and businesses in Latin America, the release said.
“Paysend’s commitment to financial inclusion now brings a safe and affordable alternative through its instant card-to-card offering,” the company said in the release. “With this partnership, TelevisaUnivision joins Paysend’s mission to make money transfers simple and accessible to everyone.”
The partnership comes on the heels of several other collaborations and product launches announced by Paysend.
In February, the firm launched a collaboration with payroll platform Transformify to help contractors and vendors get paid. In this collaboration, Paysend will power Transformify’s payout-to-cards capability for vendors and contractor payroll on demand.
Earlier in February, Paysend announced it has teamed up with Purpl to enable money transfers to Lebanon. This partnership brings together Paysend’s integrated global payments ecosystem and Purpl’s remittance and cash out platform.
In September, Paysend launched Instant Account Payments that allow consumers and businesses to send instant cross-border payments between accounts up to a value of $100,000.
“Sending funds around the world should be simple, instant and low-cost,” Paysend Head of Enterprise Alexander Budyakov said at the time.