PaySafe extends HomeSend P2P remittance partnership

Source: PaySafe

HomeSend, the payment and money transfer hub, today announced that it has signed a global agreement with Paysafe to provide enhanced international transfer options for the payment solution provider’s NETELLER and Skrill services.

Through this agreement, Paysafe’s NETELLER and Skrill services will use the HomeSend global payments hub to offer an increased range of sending destinations and payment options for receiving international money transfers.

HomeSend and Skrill initially collaborated with the launch of remittance services in 2014 and currently have services live in six countries in Africa, Asia and Eastern Europe.

Today’s agreement will enable users of Paysafe remittance services to access more options for receiving funds in ways that are fast, cost-effective and convenient, with additional countries being added in the near future. These options include sending money to mobile wallets registered to local mobile network operators, direct to bank accounts and MasterCard cards.

Commenting on the collaboration, Lorenzo Pellegrino, Chief Executive of Paysafe Digital Wallets, said: “In our increasingly connected world, consumers have a growing appetite for simple, safe and secure online and mobile payment services. Helping people send and receive money wherever they are via services that are relevant to their needs is at the heart of what we do. We look forward to working with HomeSend to further extend our payment services into new markets and boost our existing remittance business.”

Stephen Doyle, CEO, HomeSend, said, “At HomeSend, we are focussed on building the most comprehensive network of money transfer providers in the world. Paysafe offers an innovative suite of payment solutions and we are pleased to be expanding our partnership with them to enable people to send and receive funds in real-time in additional emerging markets.”

HomeSend, a joint venture between MasterCard, eServGlobal and BICS, is changing the way money moves around the world by bridging the gap between financial institutions, non-financial entities and mobile network operators.

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