Global payments disrupter Paysend, which has the only global card to card money transfer network, has launched another innovative service called PaySendLink.
The new service means that consumers will need just the recipient’s mobile phone number to send money to somebody overseas.
Ronald Millar, CEO of PaySend, said: “We are constantly looking for ways to simplify and improve customer experience and make it even easier for the sender to initiate a transaction. Now all they have to do is provide a recipient’s phone number and click send. Forget lengthy forms and account numbers - money transfers have never been easier with PaySend’s unique platform.”
According to PaySend, the new service makes Swift, IBAN, sort codes and account numbers obsolete by streamlining the user experience and offering a simple and secure way for individuals to transact.
With PaySendLink the recipient will see the incoming transfer and be able to direct it to any Visa, MasterCard, UnionPay card or a bank account of their choice, and start shopping or withdraw cash at any ATM worldwide.
Ronald added: “Besides being super convenient for the sender, PaysendLink also puts recipient’s worries at ease – they don’t have to send any personal information to a sender, only provide their phone number. Their personal information is entered directly into our secure platform.
“This sets a new standard when it comes to security and safety of customer data and financial information shared across borders. What’s more – it’s a recipient who decides where he wants to direct the incoming transfer to – their bank account, debit or credit card.
"Our partnership with major card schemes allows us to deliver money using Visa, MasterCard and China UnionPay in a fast, simple and secure way. It’s the new innovative way of sharing value across borders and PaySend is pioneering this space by bringing our customers both in Europe and overseas unrivalled convenience and peace of mind”.
The service is available to any registered customer via the company’s website or mobile app.