Paysend, the global FinTech with 7 million customers, today announced that it has grown its customer base in the U.S. by an impressive 66% in the past 12 months, to over 500,000. This growth has been driven by recent expansions of Paysend’s cross-border money transfer service in the U.S. and Latin America through multiple partnerships, including Visa Direct, Mastercard Send®, Central Payments and MOVii.

Jairo Riveros, Chief Strategy Officer and Managing Director of North America and LATAM at Paysend said, “Latin American nations and the Caribbean have seen record remittance flows in the past year, rising over 25% according to the World Bank. As more and more people in the U.S. and Latin America require services to help them send funds, Paysend has continued to expand its cross-border transfer services to include bank accounts in Latin America and help customers stay connected and transfer money to their friends and family.”

In May 2021, Paysend closed a $125 million Series B investment round, which enabled the company to expand its global footprint and advance product innovation, enabling Paysend to further accelerate its growth trajectory. Since then, Paysend has partnered with services including Visa Direct, Mastercard Send and MOVii, a leading mobile wallet service in Colombia, expanding Paysend's cross-border money transfer services for its US customers, particularly in Latin America.