Paysend Opens Its Official Americas Headquarters in Florida

Paysend, a UK-based fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term firm, announced the official opening of its headquarters in Miami, Florida, on Tuesday.

According to the press release, the move reaffirms Miami’s status as America’s new financial capital, as a growing number of venture capital firms and fintech startups are flocking to the area to take advantage of its proximity to Latin American markets and influxes of top entrepreneurial and technology talent.

“We see Miami as a strategically important location for Paysend so opening our Americas headquarters in Miami was a logical step for us to take advantage of the leading entrepreneurial ecosystem and dominant talent pool that’s developing there. We recently consolidated our Americas areas, Canada, America and Latin America, into one region and Miami provides the best location to serve our customers in those areas as well as providing a bridge Bridge The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service their clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Met The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service their clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Met Read this Term into the Caribbean and Central America,” Abdul Abdulkerimov, the Founder and Chairman at Paysend, commented about the announcement.

Paysend in Numbers

Paysend has grown 14,498% over the past four years and is trusted by consumers in over 150 countries globally. In addition, Paysend recently expanded its cross-border money transfer services for customers, including those in Latin America, thanks to partnerships with MOVii, Colombia’s leading mobile wallet service, Visa Direct and Mastercard Send.

“The US and Latin America are home to the largest remittance markets in the world and the ability to build networks and relationships in both North and South America are crucial as Paysend looks to grow our footprint in these major markets. Opening our Americas headquarters in Miami will help us to get closer to our partners and customers, and continue to make digital money transfers more widely available and accessible,” Jairo Riveros, the Chief Strategy Officer and Managing Director for the USA and LATAM at Paysend, pointed out.