The cross-border payments provider Currencycloud and UK-based money transfer app Paysend have announced the expansion of their partnership. This collaboration aims to enhance Paysend's services worldwide, offering customers extensive solutions for international money transfers and currency exchange.

Cross-Border Money Movements with the Alliance

The newly inked deal will see Currencycloud leveraging its expertise to enhance Paysend's foreign exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term and treasury capabilities. As a result, Paysend users can expect smoother cross-border money movements across various regions, including the US, Europe, the Middle East, Africa, and the Asia-Pacific.

One of the key highlights of this partnership is the introduction of multicurrency wallets within the Paysend app. This feature enables users to hold up to 34 different currencies within the same platform, providing flexibility and convenience for international transactions.

UK-based fintech @Paysend has chosen @Currencycloud to boost its #FX and treasury capabilities, becoming a key partner for cross-border #moneymovement.

Read more here 👉 https://t.co/HTysSGYQSJ pic.twitter.com/saSX49cnJt

— The Paypers (@ThePaypers) March 28, 2024

Earlier, Currencycloud partnered with UK-based Fintech company TangoPay to enhance its remittance service for UK-based expatriate clients. The collaboration aims to provide real-time competitive foreign exchange rates and localized payment options. TangoPay gains access to Currencycloud's services to customize payment solutions, streamline operations, and improve various aspects of remittance transactions.

Paysend Broadens Coverage with Swift Network Access

Paysend customers will now have access to payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term via the Swift network, expanding the app's global coverage and payment options. The company will play a pivotal role in supporting Paysend's upcoming consumer-facing products and services, slated for release later in 2024.

“We’ve worked with Currencycloud for several years now, and our partnership keeps going from strength to strength,” said Ronnie Millar, Paysend’s CEO and Co-Founder. “We share a vision for making the global money transfer landscape simpler and more inclusive.”