The launch of Paysend Link app is another innovation from payments disrupter Paysend, which is set to support a new way to send and receive money.
The new app builds on the services Paysend already offers, and will allow users to pay anyone in the world with just their mobile number.
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 about asking for bank details! Forget about double checking those details over and over again!”
With Paysend Link the recipient will see the incoming transfer and be able to direct it to any Visa, MasterCard, UnionPay card or a bank account (coming soon) of their choice, and start shopping or withdraw cash at any ATM worldwide.
Ronald added: “Besides being super convenient for the sender, Paysend Link 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 they want to direct the incoming transfer to – their bank account, debit or credit card.”
The service is available in the Google Play store and the Apple store.
The business, which has the only global card-to-card money transfer network, is trusted by over 700,000 customers around the world and currently operates in over 70 countries worldwide.